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Deribit leads crypto options market, but Bybit gains 38% in Ethereum options volume.

Market News
04 Aug 2026
Crypto Briefing
View Source
Neutral
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Deribit remains the dominant player in the crypto options market, controlling 49.3% overall and 55.3% of Bitcoin options trading. However, Bybit has captured a significant 38% share of Ethereum options volume, challenging Deribit's monopoly in this fast-growing segment. Deribit’s Bitcoin options market shows strong institutional liquidity with over $9 billion settled in a single quarter. For Ethereum options, the competition means traders should compare platforms, especially since Bybit offers USDT-settled contracts, which may appeal to those preferring stablecoin-denominated profits and losses.

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