Bitcoin Futures Open Interest Reaches $47.59 Billion: CME and Binance Lead the Market

COINOTAG News reports on March 5th that the total open interest in Bitcoin futures contracts has surged to 546,300 BTC, equating to approximately $47.59 billion, as per data from Coinglass. This significant figure underscores the growing interest and investment in the cryptocurrency sector. Notably, the CME Bitcoin futures lead the market with an open interest of 140,840 BTC, or about $12.26 billion, maintaining its position as the top exchange for Bitcoin futures. Meanwhile, Binance follows closely behind with an open interest of 104,380 BTC, translating to around $9.09 billion, solidifying its status as a major player in Bitcoin trading. As the crypto market continues to evolve, monitoring such metrics is crucial for investors seeking to optimize their trading strategies.