Interest in Ether Options Outpaces Bitcoin, Can Drive ETH to New Highs
Ether options could be the new fuel that drives growth in the crypto market. Ether (ETH) options are having a fantastic year, with open interest on Deribit — the largest market for these options — having surged 315% to $158 million over the past two months, breaking the $150-million barrier for the first time ever. Even though Ether first came about only to serve the users of the Ethereum platform as a wallet to use with the apps developed on the platform, it has in the recent past emerged as the clear competitor to Bitcoin (BTC), being the second-largest cryptocurrency by market capitalization. Emergence of ETH options ETH options mostly emerged in March 2019 when Derbit launched Ether derivatives on its exchange, including options, futures and perpetuals.
Coin Telegraph - 21st Jun 13:06