Glassnode and Bybit report: Bitcoin options market share nears 50%, Bybit share hits 28%

A joint report by Glassnode and Bybit on the state of the crypto derivatives market reveals that Bitcoin options open interest has surged from approximately 25% to nearly 50%. Bybit's share of Bitcoin options volume among tracked exchanges has grown nearly threefold to 28%, with its options market scale increasing more than fourfold since launch. Bybit also leads in Ethereum options volume and maintains the largest market share for tokenized gold perpetual contracts and options among tracked exchanges. Analysts note a significant shift in market leverage from dated futures toward perpetual contracts and options.