As of April 19th, data sourced from Coinglass reveals that the total **open interest** in Bitcoin futures contracts across all global exchanges stands at an impressive 688,580 BTC, roughly equivalent to **$58.88 billion**. This figure highlights the significant investor engagement within the cryptocurrency market. Notably, **CME Bitcoin futures** are leading this trend with an open interest of 141,280 BTC, which translates to approximately **$12.07 billion**, making it the top player in this arena. Meanwhile, **Binance Bitcoin futures** follow closely behind, boasting an open interest of 114,060 BTC, roughly **$9.76 billion**, securing its position as a significant competitor. The sustained interest in these futures contracts underscores the growing maturity of the Bitcoin market and its appeal to institutional investors seeking to hedge their positions in a volatile landscape.
Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-soars-to-58-88-billion-cme-and-binance-lead-the-market/