Bitcoin Options Trading Volumes Hit New Record In October

According to The Block, Interest in Bitcoin options in October continued to grow, and derivatives trading volumes reached new records.

The total volume of open contracts in the Bitcoin options market was $2.4 billion by the end of October, What's on 54.7% above the indicator september. Moreover, as of 29 October, the volume of open contracts reached a record $2.6 billion.

Also, the volume of trading of the Bitcoin options has reached new peaks. In October, the options were propped up on $5.8 billion, What's on 46.4% Above September indicators, when the contracts were closed to $3.9 billion.

Note, that the volume of open positions depends on the price of bitcoin - the cost of each trading contract increases as the asset price rises. And the Bitcoin course in the last month showed a noticeable growth.

Recall, that in early October, the British regulator banned the sale of cryptocurrency derivatives, Including options, Retail investors.