Bitcoin perpetual futures open interest on Deribit derivatives exchange has reached $740 million

Bitcoin perpetual futures open interest on Deribit Derivatives Exchange has reached a new yearly high of $740 million, the highest level since Bitcoin hit an all-time high of over $68,000 in November 2021. An increase in open interest indicates that new money is entering the market, implying increasing participation and potential liquidity. Additionally, Justin d’AnETHan, Asia Pacific head of business development at Keyrock, said the existing premium on the CME Bitcoin futures contract is another indicator of increased institutional participation.

Deribit is an exchange focused on cryptocurrency derivatives trading, established in 2016. It is one of the world's largest Bitcoin options and futures trading platforms, providing a safe and secure trading environment and providing traders with a wide range of derivatives trading tools.

On Deribit, traders can trade options and futures on Bitcoin and Ethereum. It supports a variety of transaction types, including call options, put options, futures contracts, etc., allowing traders to flexibly participate in the market and invest and hedge based on their expectations and risk appetite.

One of Deribit’s strengths is its strong focus on cryptocurrency derivatives trading. It provides a deep and liquid market, allowing traders to trade at lower costs and execute orders quickly. In addition, Deribit also provides powerful trading tools and chart analysis functions to help traders conduct market analysis and decision-making.

Security is also one of Deribit’s concerns**. It uses a multi-signature cold wallet to store cryptocurrency funds and uses strict security measures to protect users' assets. Deribit has also implemented KYC (Know Your Customer) and AML (Anti-**) regulations to ensure compliance and prevent illegal activities.

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