Trading volume across crypto derivatives listed on the Panama-based Deribit exchange remained brisk last month even as the global activity cooled. Deribit's derivatives market volume rose to $42 billion in August, a 17% increase versus July, bucking the global downtrend that saw worldwide derivatives volumes decline 12.1% to around $1.6 trillion, the exchange said in the monthly review shared with CoinDesk. Deribit controls nearly 90% of the global crypto options activity. Deribit's bitcoin implied volatility index (BTC DVOL) and similar ETH-focused gauge surged to 53% and 50%, respectively from their respective historic lows.
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