BlackRock's Bitcoin ETF options market just surpassed Deribit in open interest. Deribit has been the dominant global crypto derivatives platform since 2016. IBIT options launched less than two years ago.

BlackRock's Bitcoin ETF options market has surpassed Deribit in open interest, marking a significant shift in the crypto derivatives landscape. Deribit, the dominant global crypto derivatives platform since 2016, now faces competition from BlackRock's IBIT options, which launched less than two years ago.