Bitcoin Futures Open Interest Surges to $50 Billion, Led by CME and Binance

As of November 11th, recent data from Coinglass reveals that the total open interest in Bitcoin futures contracts stands at an impressive 609,160 BTC, equivalent to roughly $50.05 billion. This significant figure underscores the growing interest in Bitcoin derivatives in the current market. Notably, the CME Bitcoin futures lead the pack with an open interest of 184,340 BTC, valued at around $15.13 billion. Following closely is Binance, which showcases a robust 124,370 BTC open interest, translating to approximately $10.22 billion. Such substantial open interest levels indicate heightened market participation and investment strategies surrounding Bitcoin, highlighting its pivotal role in the cryptocurrency landscape.