Ethereum surpasses $1,100 – ETH derivatives madness explodes records
NEWS CRYPTOMONNAGES, BITCOIN AND BLOCKCHAIN
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While the ether has just exceeded $1,100 on the trading platforms, its derivatives are experiencing the same craze. Thus, the open interest in Ethereum options and futures has just broken new records.
3.97 billion dollars
A few days ago, we were talking about the surge of open interest on the Bitcoin side. Following the correction of this one, many altcoins have seen their price increase.
Ethereum, for its part, has seen its share price reach $1,100, only $350 from its historical ATH. A madness which does not spare the derivative markets based on cryptomoney!
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Concerning Ethereum derivatives, the craze is the same. Indeed, the open interest on Ethereum futures reached a record of 2.65 billion dollars on January 3rd, an increase of 24% compared to December.
Evolution of open interest in Ethereum futures in 2020 – Source: The Block
At the same time, the same phenomenon was recorded on the open interest of Ethereum options. These reached $1.22 billion on 3 January.
Evolution of the open interest of Ethereum options since April 2019 – Source: The Block
In the end, it would seem that more and more seasoned or institutional investors are looking into this type of product. This could result in a growing influx of new funds. To the moon ?