Bitcoin Futures Open Interest Reaches $72 Billion: CME and Binance Lead the Market

As of June 1st, COINOTAG News reports significant metrics in the crypto derivatives market. Current data from Coinglass highlights that the overall open interest for Bitcoin futures stands at an impressive 687,740 BTC, equating to around $72.03 billion. Notably, the Chicago Mercantile Exchange (CME) dominates this space, holding an open interest of 158,310 BTC, translating to approximately $16.56 billion, making it the leader in Bitcoin contract trading. Following closely, Binance ranks second with an open interest of 118,690 BTC, which is roughly $12.43 billion. These figures underscore the ongoing interest and robust participation in the Bitcoin futures market, reflecting investor confidence and the evolving landscape of cryptocurrency trading.