Bitcoin Futures Open Interest Hits All-Time High of 710,630 BTC, Led by CME and Binance

On May 21st, COINOTAG reported a significant milestone in the cryptocurrency sector, with **Bitcoin futures** contracts reaching an all-time high of **710,630 BTC**, valued at around **$76.35 billion**. This surge in **open interest** reflects growing investor confidence in Bitcoin as a viable asset amid fluctuating market conditions. Notably, the Chicago Mercantile Exchange (**CME**) led the charge, recording an open interest of **163,430 BTC**, translating to approximately **$17.55 billion**. Following closely, **Binance** secured the second position with an open interest of **116,730 BTC**, valued at about **$12.54 billion**. This data underscores the increasing institutional participation in the cryptocurrency realm, as traders leverage futures contracts for both hedging and profit strategies. The **rise in futures trading** not only bolsters liquidity but also enhances the overall market stability, indicating a maturing ecosystem for cryptocurrency investments.