Bitcoin Futures quickly became the darling, OI on BitMEX and OKEx all hit $1 billion

Bitcoin Futures quickly became the darling of institutional investors when OI (open interest rate) spiked by 60% in 2020.

OI Bitcoin Futures on BitMEX and OKEx hit $1 billion

Data from Skew Markets shows that OI on exchanges offering Bitcoin futures is currently at more than $ 4 billion.

More than half of them are derived from two companies, the giant derivative company BitMEX and the exchange OKEx. Both have OI levels that exceed $ 1 billion.

On Monday, Deribit confirmed that monthly Bitcoin Futures options revenue is up 70%.

The latest data shows a special month for Bitcoin Futures, accompanied by a nearly 35% price increase this year.

Analyst Scott Melker summarized in a tweet on Sunday that “with OI on BitMEX hitting a billion, volatility is almost assuredly coming.”

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