Bitcoin Derivatives Demand in 2021

When Bitcoin is cautiously approaching the $25,000 mark, the derivatives market remains bullish on the digital currency. More and more professional investors are betting on the future prices of cryptocurrencies, and the platforms offering crypto derivatives instruments are setting records with their open interests constantly.
This growing interest in crypto derivatives is important for bringing the digital currencies closer to professional and institutional investors.
The enormous jump in crypto derivatives volume in 2020 Q1 teased us with the idea that mainstream institutional capital was starting to take interest in crypto. In the second half of 2020, that idea became a reality when Paypal, Square, MassMutual, MicroStrategy, and many public companies took in Bitcoin,” Haohan Xu, CEO and Founder of Apifiny, told Finance Magnates. "This is only the beginning of mainstream institutional adoption and, in 2021, it will help drive derivatives growth faster."