According to data sourced from Coinglass, as of October 20, the total open interest in Bitcoin futures contracts across the market stands at a significant 584,150 BTC, equivalent to approximately 40.08 billion US dollars. Notably, the CME leads the market with an open interest of 180,750 BTC, translating to around 12.39 billion US dollars. This positions CME as the dominant player in the Bitcoin futures landscape.
Following closely, Binance holds the second-largest open interest of 121,780 BTC, which is about 8.36 billion US dollars. These figures indicate a robust demand for Bitcoin futures, reflecting the ongoing interest among institutional and retail investors alike. The futures market plays a pivotal role in shaping price dynamics and market sentiment, underscoring the growing importance of Bitcoin as a mainstream financial asset.
Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-reach-40-billion-cme-and-binance-lead-the-market/