This data on Bitcoin options shows that Bullish has indeed established itself in the derivatives sector.

Bullish reported a net loss of $604.9 million in the first quarter, mainly due to non-cash items such as changes in the fair value of digital assets; however, adjusted revenue was $92.8 million, adjusted net profit was $20.3 million, and adjusted EBITDA was $35.1 million, all of which increased compared to the previous year. The stock price initially dropped 11% after the earnings report but then recovered. During the quarter, Bitcoin options trading volume was $11.6 billion, accounting for about 14% of open contracts. Adjusted trading revenue fell to $38 million, and digital asset sales decreased from $80.2 billion to $51.8 billion.