According to recent data from Coinglass reported by COINOTAG on October 23, the **total open interest** in **Bitcoin futures contracts** across the entire ecosystem has reached a substantial figure of **583,060 BTC**, equating to approximately **$38.87 billion**. This impressive amount indicates heightened market activity and trader engagement in the crypto space. Notably, the **CME Bitcoin contracts** dominate the sector with an open interest of **169,560 BTC**, which translates to around **$11.28 billion**, solidifying its position as the leading exchange for Bitcoin futures. Following closely, the **Binance Bitcoin contracts** hold an open interest of **121,010 BTC**, valued at about **$8.07 billion**, marking it as the second-largest exchange. These figures reflect the growing institutional interest and the overall demand for futures as traders seek exposure to Bitcoin’s volatility and potential for profits.
Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-reaches-38-87-billion-as-cme-leads-the-market/