CME overtakes Binance to grab largest share of Bitcoin futures open interest

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Published Nov 10, 2023 03:12AM ET Updated Nov 10, 2023 05:00AM ET

CME overtakes Binance to grab largest share of Bitcoin futures open interest © Reuters.

Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.

A number of analysts highlighted the ‘flippening’ of Binance by CME, with the latter overtaking the global cryptocurrency exchange for the largest share of Bitcoin futures open interest.

Bitcoin futures volume and open interest on CME over the past month. Source: CME

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CME overtakes Binance to grab largest share of Bitcoin futures open interest

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