CME has risen to become the second-largest Bitcoin futures exchange

31/10/2023

With an outstanding contract surge reaching $3.58 billion, this regulated derivative platform, CME, has swiftly risen two positions within just a week. CME's Bitcoin futures market now holds around 25% of the market share, surpassing Bybit and OKX in outstanding contracts, with only a few million dollars separating it from the leading exchange, Binance.

Outstanding Bitcoin contracts refer to the total number of open Bitcoin futures or options contracts in the market. It serves as a measure of the amount of capital invested in Bitcoin derivatives at any given time.

Resource : https://cointelegraph.com/news/cme-second-largest-bitcoin-futures-exchange-open-interest-surges