Bitcoin Futures Surpass $63 Billion: CME and Binance Lead the Market

According to recent data from Coinglass, as of May 6th, the overall open interest in Bitcoin futures contracts across various exchanges has reached an impressive total of 670,970 BTC, valued at approximately $63.25 billion. Leading the market, the CME Bitcoin futures display an open interest of 145,910 BTC, translating to around $13.75 billion, securing the top position in this financial segment. Following closely, the Binance Bitcoin futures showcase an open interest of 113,710 BTC, equivalent to roughly $10.72 billion, marking it as the second-largest player in this market. These figures underscore a robust demand for Bitcoin futures, reflecting investors’ evolving confidence in cryptocurrency markets and their propensity for hedging and speculation.