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Bitcoin Options Weekly Volume Hits $7.94 Billion, Highest Since October 2021

By Simon LawsonMarch 18, 20232 Mins Read
Bitcoin Options Weekly Volume Hits $7.94 Billion, Highest Since October 2021
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Bitcoin options volume hit a high of $7.94 billion this week, the highest since October 2021, according to The Block.

Markets are currently pricing in easy monetary conditions because the Fed is unable to raise interest rates, said Anand Gomes, co-founder of institutional liquidity provider Paradigm.

At the same time, Laura Vidiella, vice president of LedgerPrime, believes that the reason is more related to volatility, because high volatility and high trading volume are usually highly correlated, especially for liquid assets. This is why Paradigm hit an all-time high in trading volume this week, surpassing $1 billion in daily trading volume.

Despite concerns about market volatility and regulatory uncertainty, the rise in bitcoin options trading volumes suggests continued interest in investing in the cryptocurrency. It also shows that more and more institutional investors are entering the market, seeking exposure to digital assets.

Related:  TeraWulf Achieves 25% Month-on-Month Increase in Bitcoin Mining, Digs Up 157 Bitcoins in January 2023

With the rise of cryptocurrencies, it becomes increasingly important for financial institutions to adapt to the changing environment and provide services that meet this growing demand.

Additionally, the surge in trading volume could indicate that Bitcoin is regaining its status as the market-dominating cryptocurrency. While other cryptocurrencies such as ethereum have grown in popularity in recent years, bitcoin remains the most widely used and accepted digital currency, with a market cap of more than $1 trillion.

The increase in Bitcoin options trading volume is indicative of the growing interest and adoption of cryptocurrencies in the financial world.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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