PANews reported on April 26 that data shows BlackRock's Bitcoin ETF (IBIT) options open interest reached $27.61 billion, surpassing Deribit's $26.9 billion for the first time. IBIT, launched only two years ago, has quickly caught up with an established offshore platform that has been operating for nearly a decade, demonstrating the accelerating adoption of compliant crypto derivatives in the United States.

IBIT focuses on compliant US stock trading channels, primarily offering long-term contracts, reflecting stronger bullish market expectations; Deribit caters more to global professional traders, with a greater emphasis on short-term tactical positions. Institutional and retail investors utilize IBIT compliant options for hedging and leverage, coupled with macroeconomic uncertainties stimulating hedging demand, continuously driving up market size. Industry insiders believe that compliant US crypto infrastructure has reached parity with offshore markets, attracting more Wall Street funds and accelerating Bitcoin's mainstream adoption and the formation of a mature pricing system.