The surge in CME Bitcoin futures open interest has propelled the regulated derivatives platform to achieve a 25% market share in Bitcoin futures. With an open interest of $3.58 billion on Oct. 30, the CME now ranks second in BTC futures exchanges, just behind Binance. The CME surpassed Bybit and OKX in terms of open interest and is only a few million away from Binance’s $3.9 billion. The CME’s rising open interest has also led to its cash-settled futures contracts exceeding 100,000 BTC in volume. This increase in interest reflects a bullish sentiment and indicates an influx of institutional investment. Overall, the CME’s success in the Bitcoin futures market highlights its growing importance in the cryptocurrency industry.
Summary:
– CME Bitcoin futures open interest has reached $3.58 billion, pushing the platform to a 25% market share.
– The CME now ranks second in BTC futures exchanges, just behind Binance.
– The CME surpassed Bybit and OKX in open interest and is close to Binance’s $3.9 billion.
– Cash-settled futures contracts on the CME have exceeded 100,000 BTC in volume.
– The increase in open interest reflects a bullish sentiment and indicates institutional investment.
– The CME’s success highlights its growing importance in the cryptocurrency industry.
