Data: Ethereum options trading volume on Deribit soars, open positions basically stagnate

According to AMBCrypto, as the bullish momentum has not changed, on February 24, the trading volume of Ethereum options on the cryptocurrency derivatives exchange Deribit spiked to $ 6.5 million. In addition, transaction volume is expected to increase within a day. According to the latest chart of cryptocurrency derivatives analysis company Skew Markets, the trading volume of options on Ethereum the previous day was $ 2.2 million. Data on Deribit fell after hitting an all-time high of 15 million USD on February 12, 2020. After that, trading volume dropped 67% after 5 days. On February 18, the news of Deribit launching Ethereum daily options brought the platform's trading volume to $ 7.7 million, but it briefly fell before it rose again on February 24. In addition, the open positions (OI) depicted on the Skew chart were essentially stagnant on the day. This shows that traders on Deribit did not open any new positions, but traded on existing ones.