Markets
BlackRock’s IBIT Overtakes Deribit as Bitcoin Options Leader
BlackRock’s spot Bitcoin ETF, IBIT, has officially become the largest venue for BTC options trading, hitting an eye-popping $38 billion in open interest. The milestone means IBIT has surpassed Deribit, the long-standing crypto-native derivatives exchange owned by Coinbase. This marks a major shift in Bitcoin’s derivatives landscape, signaling