What is the difference between open interest and volume in the options market for cryptocurrencies?
RcoderSep 29, 2021 · 4 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.
1 answers
- Soumya GuptaMay 30, 2024 · a year agoAt 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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