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Crypto Options Trading Volume Hits Record as ETF Deadline Nears
This year’s massive rebound in cryptocurrencies is firing up the digital-asset derivatives market. Crypto options and futures are seeing a surge in demand from traditional institutional investors making bets ahead of the deadline for US regulators to approve or reject exchange-traded funds that invest directly in Bitcoin. Trading volume for Bitcoin options has reached an all-time-high, according to data compiled by The Block. Deribit, the largest crypto-options exchange, is poised for its biggest-ever quarterly expiry on Friday. Options with a notional value of $11 billion expiring Friday are comprised of $7.7 ... (full story)