Deribit’s $28.5 Billion Boxing Day Options Expiry Becomes Bitcoin’s Main Event

A record-breaking $28.5 billion in crypto options is set to expire at Deribit this Friday, turning the year’s final trading days into a high-stakes derivatives showdown. Institutional Bitcoin Bets Stack up Ahead of Deribit Expiry As 2025 winds down, Deribit—now a subsidiary of Coinbase—is preparing for its largest options expiry on record, with more than