The regulated Chicago Mercantile Exchange (CME) is steadily climbing the ranks as one of the largest Bitcoin futures and perpetual futures exchanges in a development reminiscent of the early stages of the 2020-2021 bull run. With a notional open interest (OI) of $3.54 billion, CME has surged from the fourth position to become the second-largest Bitcoin futures exchange, according to data from Coinglass. Despite CME’s impressive rise, crypto exchange Binance still holds the top spot, boasting an open interest of $3.83 billion, 8% higher than CME’s.It is worth noting that CME’s cash-settled futures contracts recently surpassing the 100,000 BTC mark for the first time on record.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments