The post Bitcoin Futures Open Interest Reaches $33.5 Billion: CME and Binance Lead the Market appeared on BitcoinEthereumNews.com.

As of October 8, data from Coinglass reveals that the total open interest in Bitcoin futures contracts across the network reached an impressive 537,400 BTC, translating to approximately 33.54 billion US dollars. Notably, the CME Bitcoin contracts led the market with an open interest of 148,900 BTC, equivalent to around 9.28 billion US dollars. This positions CME as the foremost exchange for Bitcoin futures trading. Following closely, Binance holds the second position, boasting an open interest of 117,700 BTC, valued at about 7.35 billion US dollars. These figures underscore the robust demand and trader engagement within the Bitcoin futures market, suggesting a healthy appetite for hedging and speculating on price movements. As the crypto landscape evolves, monitoring these metrics remains crucial for investors and analysts alike. Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-reaches-33-5-billion-cme-and-binance-lead-the-market/

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Filed under: News - @ October 8, 2024 6:26 am