Crypto Options Exchange Deribit's $15.2 Billion Options Expiring, Bitcoin, Ether Could See Upside Volatility
Crypto options exchange Deribit is set to settle bitcoin and ethereum options contracts worth $9.5 billion and $5.7 billion, respectively.The $15.2 billion options contracts are the largest in the exchange's history, according to Deribit data. The expirations will eliminate 40% and 43% of the total notional open interest in bitcoin and ethereum across all maturities. luuk Strijers, Deribit's chief commercial officer, said a large number of options are set to expire at the in-the-money (ITM), which could put upward pressure or volatility on the market.
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