The open interest of options linked to BlackRock's IBIT has surpassed Deribit and is now approaching $38 billion

the open interest value of options linked to the BlackRock iShares Bitcoin Trust (IBIT), which is listed on Nasdaq, has approached $38 billion, surpassing Deribit's open interest value of $32 billion. This means that IBIT has surpassed Coinbase's Deribit platform, holding the largest Bitcoin options trading volume.

Deribit was established in 2016 and has dominated the Bitcoin options market for many years, while IBIT options opened last November and have been listed for less than a year to date.