CME overtakes Binance as leading Bitcoin futures exchange
The regulated derivatives marketplace Chicago Mercantile Exchange has surpassed Binance to become the leading Bitcoin (BTC) futures exchange. The shift marks the first time in two years that CME has claimed the top spot, indicating a surge in demand from institutional traders. CME currently holds the top position among futures and perpetual futures exchanges, per CoinGlass data, with an open interest (OI) of around $3.99 billion and a notable 24.32% of the market share. Meanwhile, Binance’s OI has decreased to $3.77 billion, down by 13% over the same timeframe. Notional open interest is defined as the U.S. dollar value tied to the number of active or open contracts. You might also like: SEC’s window for Bitcoin ETF approvals to open today CME is known for trading in traditional futures contracts with specific expiry dates, unlike Binance and other exchanges, which offer standard futures and perpetual contracts without expiry. CME offers standard Bitcoin futures co...