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10x Research: Bitcoin options market impact could significantly expand in the coming quarters

2024-10-08 02:22
Odaily News 10x Research noted in its market analysis that recently, there have been significant changes in the impact of leverage on the Bitcoin ecosystem - whether through Bitcoin options, the share prices of Bitcoin miners, or companies like MicroStrategy - reflecting the broader pursuit of high returns through complex financial strategies. This year, the monthly trading volume of Bitcoin options has ranged from $42 billion to $71 billion. Deribit continues to dominate the market with a 72% share, although this is down from 78% a year ago. Binance and OKX have attracted more traders, and Bybit also offers options trading. While options have become a key tool for creating leverage, their importance is expected to grow further in the coming quarters. As more traders and institutions increasingly use options for strategic positioning, their impact on market dynamics is likely to expand significantly.