The post Bitcoin Futures Open Interest Reaches $34.63 Billion: CME and Binance Lead the Market appeared on BitcoinEthereumNews.com.

According to recent data from Coinglass, as of October 13, the total open interest in Bitcoin futures contracts across various platforms has reached a significant 552,130 BTC, equivalent to approximately $34.63 billion. The CME Group leads the market with an open interest of 156,630 BTC, translating to about $9.81 billion, heralding a robust demand for institutional trading. Following closely is Binance, holding an open interest of 121,850 BTC, which accounts for around $7.64 billion. This data illustrates a continued interest in Bitcoin futures, reflecting the ongoing market dynamics and investment trends among both retail and institutional investors. The substantial open interest emphasizes Bitcoin’s position as a key player in the cryptocurrency market, underlining its potential for profitability and risk management strategies. Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-reaches-34-63-billion-cme-and-binance-lead-the-market/

---

Filed under: News - @ October 13, 2024 1:10 pm