Interest in Ether Options Outpaces Bitcoin, Can Drive ETH to New Highs
Cointelegraph
Published Jun 21, 2020 09:00AM ET
Updated Jun 22, 2020 11:20AM ET
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.
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Written By: Cointelegraph
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