FAST FIVE: Bitcoin Tops $9,000 With Best Start To A Year On Record
Source: Bloomberg The rally in cryptos comes as CoinTelegraph's William Suberg notes, bitcoin derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs.
16, open interest for its futures products alone totaled 5,328 contracts – or 26,640 BTC ($237 million).
Open interest did surpass current levels earlier in January, reaching around 5,400 according to the latest data from United States regulator the Commodity Futures Trading Commission, or CFTC, published on Jan.
The company said it considered the options a “success” as volumes reached 275 BTC by day two.
In its 2019 retrospective this week, venture capital giant Grayscale revealed annual investment totals of over $1 billion. A record for the firm, executives announced they now it was “clear” that the industry was seeing institutional adoption.