Deribit and Coinbase Institutional reported record highs for crypto derivatives activity and trading volumes during the week ending March 1.
Daily trading volumes for options and futures crypto derivatives have surged in the past week, hitting record highs on a number of exchanges.
Crypto derivatives exchange Deribit said in a Feb. 29 X post that its 24-hour trading volume hit an all-time high of $12.4 billion on the day.
It added open interest (OI) — the number of derivatives contracts that have yet to be closed or settled on the platform — had passed $29 billion, another all-time high. Deribit’s client assets reached $4 billion, it said.
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Source: https://cointelegraph.com/news/record-high-crypto-derivatives-daily-trading-volumes-deribit-coinbase