Bitcoin Futures Show Strong Demand with $52.48 Billion Open Interest, Led by CME and Binance

COINOTAG reported on March 22 that the total open interest for Bitcoin futures contracts has reached an impressive 624,310 BTC, equivalent to approximately $52.48 billion, according to data from Coinglass. This substantial figure underscores the growing liquidity and interest in the Bitcoin market. The CME Group leads the pack with an open interest of 152,630 BTC, worth about $12.82 billion, making it the largest market for Bitcoin derivatives. Following closely is Binance, which has an open interest of 105,560 BTC, translating to roughly $8.87 billion. These statistics highlight the competitive landscape of Bitcoin futures trading and the increasing engagement from institutional players, indicating a robust sentiment towards Bitcoin as a financial asset.