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What is the difference between open interest and volume in the options market for cryptocurrencies?

avatarn3m0Dec 16, 2021 · 3 years ago1 answers

Can you explain the distinction between open interest and volume when it comes to options trading in the cryptocurrency market? I'm curious about how these two metrics are calculated and what they indicate about market activity.

What is the difference between open interest and volume in the options market for cryptocurrencies?
Cryptocurrencies
Options Market
Open Interest

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we also pay close attention to open interest and volume in the options market for cryptocurrencies. These metrics provide valuable insights into market dynamics and can help us identify trends and opportunities. Open interest and volume are just two of the many factors we consider when making trading decisions. It's important to have a holistic approach and consider multiple indicators to make informed decisions in the cryptocurrency market.

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