[Bitcoin Options Share Rises to 50%, Bybit Options Share Increases to 28%] A joint report by Glassnode and Bybit reveals that the nominal open interest share of Bitcoin options has risen from approximately 25% to nearly 50%. Bybit's Bitcoin options trading volume share has increased from less than 10% to 28%, while the options market size has grown from $529 million to $2.33 billion. Bybit maintains a leading position in Ethereum options trading volume among four exchanges, and tokenized gold options open interest accounts for 97.1% of tracked exchanges. Glassnode's Head of Research, Frederik Theissen, stated that periodic futures trading volume has dropped by about 97% compared to 2021, with market leverage shifting toward perpetual contracts and risk pricing transitioning to options. Bybit's Head of Derivatives and Institutional Business, Sean Ballard, noted that traders are using options to manage downside risks, trade volatility, and price specific market events.