As of November 10th, recent analysis from Coinglass reveals that the total open interest for Bitcoin futures across various exchanges reaches a significant 610,200 BTC, equating to roughly $48.535 billion. Notably, the CME stands out with an impressive open interest of 184,300 BTC, which corresponds to approximately $14.643 billion, thus securing its position as the leading venue for Bitcoin futures. Following closely, Binance showcases a robust open interest of 124,800 BTC, valued at about $9.933 billion, reinforcing its status as a major player in the cryptocurrency derivatives market. This data highlights the growing institutional interest and market participation within the Bitcoin ecosystem, emphasizing the crucial role of futures trading in the overall financing landscape of digital assets.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024