CME Becomes Biggest Bitcoin Futures Exchange as Institutional Interest Rises - CoinDesk
Chicago Mercantile Exchange (CME) has taken the prime spot on the list of the biggest bitcoin futures trading platforms, indicating a continued rise in institutional participation.
- With an open interest of $2.1 billion, the CME accounted for 19.09% of the global tally of $11 billion on Wednesday the highest among major exchanges tracked by Skew, a crypto derivatives research firm.
- OKEx was the second-biggest exchange with an open interest of $1.97 billion, while Binance, the word's biggest crypto spot exchange by trading volume, ranked third with $1.82 billion.
- Open interest refers to the number of contracts traded but not squared off with an offsetting position.
