According to Paradex Network (@tradeparadex), cryptocurrency options have reached a new all-time high (ATH) in trading volume as of May 9, 2025. This surge in options activity suggests heightened interest from institutional and retail traders, leading to increased liquidity in the crypto derivatives market. The new ATH in options volume is a bullish signal for active traders, indicating strong market participation and potentially higher volatility in underlying digital assets. This trend is expected to influence price action for major cryptocurrencies as options trading becomes a key driver of market sentiment (Source: Paradex Network, Twitter).

According to @MilkRoadDaily on Twitter, Coinbase has announced its largest acquisition to date by acquiring Deribit, the leading crypto options platform that currently controls 80% of all BTC and ETH options trading by volume. As cited by @DTAPCAP, Deribit is considered one of the most profitable companies in the crypto sector. This move positions Coinbase as a dominant force in the crypto derivatives market, potentially increasing institutional participation and impacting liquidity and volatility in BTC and ETH options markets. The acquisition is expected to drive significant growth in crypto options trading and further integrate traditional finance players with crypto infrastructure (Source: @MilkRoadDaily, May 8, 2025).

According to Lex Sokolin, Coinbase’s $2.9 billion deal to acquire a stake in Deribit signals a strategic shift toward crypto options trading as a key profit center for public companies (source: Lex Sokolin on Twitter, May 8, 2025). This move underlines that infrastructure may not yield immediate returns, while options markets, similar to those driving profits at Robinhood ($HOOD), are emerging as primary revenue generators. Traders should note that increased institutional focus on options products could boost liquidity and volatility in the crypto derivatives market, potentially impacting pricing and spreads across major assets.