Crypto Derivatives Remains Bullish as Bitcoin Reaches New All-Time High

Crypto Derivatives Growth Driving Professional and Institutional Investors 

In the past few months, it has been seen that people’s interest in crypto derivatives is increasing constantly. Due to this, professional and institutional investors are getting attracted to the crypto market. Haohan Xu, CEO and Founder at ApiFiny, has said:

“The enormous jump in crypto derivatives volume in 2020 Q1 teased us with the idea that mainstream institutional capital was starting to take interest in crypto.”

He further said that this idea came to reality in the second quarter as some major firms like PayPal, Square, MicroStrategy, and several others have shown great interest in the crypto market. He is also of the opinion that this is just the beginning of mainstream adoption of cryptocurrency by institutional investors and in 2021, there will be a rapid growth of the derivatives market.

Bitcoin Options Market to Exceed $10B in Open Interest 

Skew, a market data analyst, has claimed that the Bitcoin options market will be exceeding $10 billion in open interest in the coming year. Ulrik Lykke, the co-founder of ARK36, has said that as there is a huge demand for digital assets like Bitcoin, several crypto exchanges are trying to use derivatives to stand out from others. The crypto derivatives market clearly indicates institutional demand. However, there are claims that the derivatives market of Bitcoin and Ethereum will be the ones to experience this surge. It is still not sure whether other derivatives will be able to experience the same or not.