On September 30, Bloomberg reported that BlackRock's iShares Bitcoin Trust (IBIT) has surpassed CEX Global Inc.'s CEX platform to become the world's largest Bitcoin Options trading venue, highlighting the shift of the digital asset market's focus from offshore platforms to Wall Street. Following the contract expiration last Friday, the open interest associated with IBIT listed on Nasdaq was close to $38 billion, while CEX's open interest was $32 billion. Since its establishment in 2016, CEX has dominated the Bitcoin Options market for years. This milestone occurs less than a year after IBIT opened Options trading last November.
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BlackRock IBIT surpasses CEX to become the world's largest Bitcoin Options trading venue.
On September 30, Bloomberg reported that BlackRock's iShares Bitcoin Trust (IBIT) has surpassed CEX Global Inc.'s CEX platform to become the world's largest Bitcoin Options trading venue, highlighting the shift of the digital asset market's focus from offshore platforms to Wall Street. Following the contract expiration last Friday, the open interest associated with IBIT listed on Nasdaq was close to $38 billion, while CEX's open interest was $32 billion. Since its establishment in 2016, CEX has dominated the Bitcoin Options market for years. This milestone occurs less than a year after IBIT opened Options trading last November.