The Chicago Mercantile Exchange (CME) has surpassed Binance, becoming the leading Bitcoin futures exchange . This change, reflected in the open interest, suggests a possible increase in institutional interest in the crypto space .
The CME, known for its conventional futures contracts, now has an open interest of around $4 billion, representing a market share of over 24% .
It remains to be seen how this will affect the crypto market and whether there will be a growing influx of institutional volume?. We will be seeing this in the course of the week.
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