Crypto Live News
CME’s Bitcoin futures open interest (OI) has surged past 100,000 BTC for the first time ever. The growth in OI comes at a time when offshore perpetual open interest shrank drastically. Yesterday, Binance witnessed a drop in open interest by 26,735 BTC, while CME grew by 4,380 BTC. The surge in OI brought CME’s market share to an all-time high of 25%, rapidly approaching Binance (Perps + Futures). Alongside the growth in OI, Bitcoin’s 1-month annualized futures premium has climbed to 13%, which is significantly higher than Ethereum. This latest development highlights the increasing demand for Bitcoin futures among institutional investors.
Source: https://coinpedia.org/crypto-live-news/cme-btc-futures-oi-hits-record-100k-btc/