Crypto Options Are Only 4% of the Perps Market

Crypto options are stuck at 3-4% of the perp market.⁣ ⁣ In TradFi, options are the same size or bigger than perps.⁣ ⁣ “That’s like a 30 or 40x to go to sort of equalize to where we are.”⁣ ⁣ Volume is already in the quadrillions notional, and half of it doesn’t even hit the exchanges.⁣ ⁣ “A lot of th