CME Bitcoin Options Open Interest Hits All-Time High

According to data from The Block, open interest in Bitcoin options on the Chicago Mercantile Exchange (CME) has reached nearly $2 billion, setting a new record. The increase in open interest indicates high market liquidity and widespread participation. Open interest refers to the total number of outstanding options contracts that have not been exercised. An increase in open interest suggests heightened activity among sophisticated traders, with new contracts being created and added to existing ones.