Bitcoin Futures Open Interest Surges to $66 Billion: CME Leads with $16 Billion

On May 17th, COINOTAG reported that the **total open interest** for Bitcoin futures contracts has reached a significant milestone, now standing at **640,810 BTC**, equivalent to approximately **$66.09 billion**. This robust figure highlights the growing liquidity and interest in the Bitcoin market. Notably, the **CME Bitcoin futures contract** leads the pack, with an open interest of **156,820 BTC** (around **$16.17 billion**), establishing itself as the most influential platform for institutional investors. Following closely, the **Binance Bitcoin futures contract** holds an open interest of **110,840 BTC**, translating to roughly **$11.43 billion**, making it the second-largest provider in the industry. The substantial open interest across these platforms is reflective of the ongoing **market dynamics** and investor confidence in cryptocurrency, underscoring a positive outlook for Bitcoin’s performance in both short and long-term scenarios.