Joint research from MerQube and Kaiko shows Bitcoin options pricing across BlackRock's IBIT and Deribit converging as institutional participation accelerates and regulated and crypto-native markets reach comparable scale.
The distinction between traditional finance and crypto-native Bitcoin options markets is narrowing rapidly, according to new research from MerQube and Kaiko, which suggests that Bitcoin volatility is increasingly being priced across both regulated and digital asset trading venues. What we find is that both venues are recording around US$50 billion in open interest, so they are helping each other - Uday Goel, MerQube The study examines the evolution of Bitcoin options trading following the la