On November 20, COINOTAG reported that the total open interest for Bitcoin futures across the entire network has reached a significant milestone of 620,100 BTC, equating to approximately $57.512 billion. This substantial figure highlights the growing interest in the cryptocurrency derivatives market. The leading platform, CME, holds an open interest of 202,400 BTC, or around $18.744 billion, solidifying its position in the Bitcoin futures space. Following CME, Binance ranks second with an open interest of 116,800 BTC, valued at approximately $10.838 billion. These numbers indicate a robust trading environment as institutional and retail investors alike continue to engage in Bitcoin derivatives, which may contribute to the overall market liquidity and enhance price discovery mechanisms in the crypto sector.
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