The post Record Bitcoin Futures Open Interest Hits $57.7 Billion: CME and Binance Lead the Market appeared on BitcoinEthereumNews.com.

As of January 3rd, COINOTAG News reports that the total open interest for Bitcoin futures contracts across all trading platforms has reached an impressive 596,120 BTC, equating to roughly $57.7 billion. Notably, the CME Group leads the market with an open interest of 172,650 BTC, or about $16.67 billion. This positions CME as a dominant player in the Bitcoin futures landscape. Following closely, Binance has reported its open interest standing at 126,970 BTC, valued at approximately $12.3 billion. The continued growth in open interest indicates a robust demand for Bitcoin derivatives, reflecting traders’ strategies to hedge risk and speculate on price movements. As institutional interest grows, these figures highlight the evolving dynamics of the cryptocurrency market and the increasing sophistication of market participants. Source: https://en.coinotag.com/breakingnews/record-bitcoin-futures-open-interest-hits-57-7-billion-cme-and-binance-lead-the-market/

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Filed under: News - @ January 3, 2025 12:24 pm