According to recent data from Coinglass, as of November 17th, the total open interest for Bitcoin futures contracts across all exchanges has reached an impressive figure of 602,700 BTC, equating to approximately $55.11 billion. This significant volume highlights the ongoing interest among traders and investors in the cryptocurrency market. Notably, CME Bitcoin futures lead the market with an open interest of 197,600 BTC, valued at around $18.039 billion. In a close second, Binance Bitcoin futures report an open interest of 118,200 BTC, or approximately $10.814 billion. This distribution underscores the dominance of traditional and centralized exchanges in the current futures market landscape, which is crucial for understanding the dynamics of Bitcoin as it continues to evolve.
Source: https://en.coinotag.com/breakingnews/bitcoin-futures-surge-total-open-interest-hits-55-11-billion-with-cme-leading-the-market/