The world’s largest crypto exchange Binance has again topped world’s leading derivatives marketplace Chicago Mercantile Exchange (CME) in Bitcoin futures after months. The outflow from GBTC drops continuously, and so do other spot Bitcoin ETFs, including BlackRock and Fidelity.
Binance Surpasses CME in Bitcoin Futures Open Interest
Bitcoin Futures open interest (OI) on Binance has surpassed CME after four months. The spot Bitcoin ETF demand from institutional investors put CME on the top in derivatives trading for the last several months.
With a notional open interest (OI) of 105,130 BTC valued at $4.52 billion, Binance is now the largest Bitcoin futures exchange again. The Chicago Mercantile Exchange (CME) ranks second, with a notional open interest of 101,410 worth $4.35 billion.
BTC OI on Binance soared 2% in last 24 hours, whereas it plunged more than 3% on CME. This indicates demand from institutional investors for spot Bitcoin ETF continues to drop.
According to Bitcoin ETF f
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