What are the most popular options among cryptocurrency traders in terms of open interest?

3 answers

• Jan 12, 2022 · 3 years ago
  The most popular options among cryptocurrency traders in terms of open interest vary depending on market conditions and trends. However, some commonly favored options include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have a large user base and a high trading volume, which contributes to their popularity. Additionally, stablecoins like Tether (USDT) and USD Coin (USDC) are also popular choices due to their stability and liquidity. It's important to note that the popularity of options can change over time, so it's always a good idea to stay updated with the latest market trends.
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• Jan 12, 2022 · 3 years ago
  When it comes to open interest among cryptocurrency traders, Bitcoin (BTC) is undoubtedly the most popular choice. As the first and largest cryptocurrency, Bitcoin attracts a significant amount of trading activity and has a high level of open interest. Ethereum (ETH) is another popular option, known for its smart contract capabilities and vibrant decentralized finance (DeFi) ecosystem. Other options that garner attention in terms of open interest include Binance Coin (BNB), Ripple (XRP), and Cardano (ADA). These options have established themselves as prominent players in the cryptocurrency market.
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• Jan 12, 2022 · 3 years ago
  According to data from BYDFi, one of the leading cryptocurrency exchanges, the most popular options among cryptocurrency traders in terms of open interest are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These options consistently attract a large number of traders and have a significant impact on the overall market. Bitcoin, as the pioneer of cryptocurrencies, continues to dominate the open interest landscape. Ethereum, with its smart contract functionality, has gained popularity among developers and investors alike. Binance Coin, the native token of the Binance exchange, has seen a surge in interest due to its utility within the Binance ecosystem.
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