The post Bitcoin Futures Open Interest Reaches $46 Billion: CME and Binance Lead the Market appeared on BitcoinEthereumNews.com.

As of November 7th, COINOTAG reports a notable statistic from Coinglass: the *total open interest* for Bitcoin futures has reached 613,640 BTC, equivalent to approximately *$46.05 billion*. This figure underscores the growing institutional interest in cryptocurrencies. Among the various futures contracts, the *CME Bitcoin futures* dominate with an open interest of 178,940 BTC, or about *$13.39 billion*, establishing its position as the leading platform. Following closely is Binance, with an open interest of 126,850 BTC, translating to around *$9.51 billion*. These rankings highlight critical insights into market dynamics and trading strategies, particularly as institutional adoption continues to escalate in the crypto space. Such data is essential for traders monitoring the *futures market* as it provides a snapshot of market sentiment and liquidity, informing trading decisions in an increasingly complex environment. Don’t forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news. Source: https://en.coinotag.com/bitcoin-futures-open-interest-reaches-46-billion-cme-and-binance-lead-the-market/

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Filed under: News - @ November 7, 2024 8:26 am