On-chain derivatives trading volume declines third week in a row
Despite the recent slump, the on-chain derivatives market's average monthly volume is up by 357% year-on-year.
Track crypto derivatives news, futures, options, perpetuals, leverage trends, and trader positioning across volatile digital asset markets.
The platform began to serve institutional traders outside the US in May 2023.
Medium-term call options surge in anticipation of the upcoming Bitcoin ETF decision.
Rejections claims for Bitcoin ETF triggers market panic and heavy losses for long BTC traders.
The company has also set a $90,000 notional limit across all positions.
The company announced the product would launch on January 11, 2024.
Bitcoin's price surge is accompanied by historical activity in call options market.