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Deribit Exchange Sees XRP Options Open Interest Near $100M as Volatility Spikes
Deribit Exchange Sees XRP Options Open Interest Near $100M as Volatility Spikes
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Deribit exchange News -
Deribit's XRP options market is experiencing unprecedented activity as open interest approaches $100 million, driven by the token's heightened implied volatility. Notional open interest has surged 38% to $98 million since June's quarterly expiry, nearing June's record of $102.3 million. Contract volume increased 26% to 42,414 contracts.
XRP's implied volatility now exceeds that of Bitcoin, Ethereum, and Solana, according to Lin Chen, Deribit's Asia business development head. "XRP's 300% annual return has made its options especially attractive," Chen stated, emphasizing the strategy of selling cash-secured puts as traders leverage premium income opportunities.
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