On April 5th, COINOTAG reported that the total open interest for Bitcoin futures contracts has reached an impressive 638,920 BTC, equating to roughly $53.5 billion, as per data from Coinglass. This significant figure underscores the growing institutional interest in cryptocurrency derivatives. Notably, the CME Bitcoin futures market leads with an open interest of 140,510 BTC, translating to around $11.76 billion. This positions CME as the top player in the Bitcoin futures space. Following closely is Binance, with futures open interest reaching 106,390 BTC or $8.91 billion, solidifying its status as the second-largest exchange. These insights highlight the robust demand for Bitcoin trading and the increasing momentum of futures as a critical component of the cryptocurrency market.
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