The Chicago Mercantile Exchange (CME) has surpassed Binance, becoming the largest Bitcoin futures exchange

The Chicago Mercantile Exchange (CME) has surpassed Binance, becoming the largest Bitcoin futures exchange

By Web3News | section_news | 12 Nov 2023


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% .

c4683758b9e7240c4d88f99e35acf4cc9307bf0830d7c732e09baf56c55673de.jpg

 

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.

I hope this article has been to your liking. Have a good day, afternoon, or night! :D

How do you rate this article?

5


Web3News
Web3News

Crypto content creator and Play to Earn games.


section_news
section_news

Here you will find the latest news on cryptocurrencies, relax, have a coffee and enjoy the content :)

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.