Bitcoin Futures Update: Open Interest Reaches $68 Billion as CME and Binance Lead the Market

As of May 12th, recent data from Coinglass reveals that the total **open interest** for Bitcoin futures contracts has reached an impressive **652,390 BTC**, equivalent to roughly **$68.03 billion**. This metric highlights the growing engagement in the Bitcoin market. Notably, the **CME Group** holds the largest share of this activity, with an open interest of **149,160 BTC** (approximately **$15.55 billion**), securing its position as the leading venue for Bitcoin futures. Following closely, **Binance** has also shown significant involvement, with **114,860 BTC** in open interest, translating to around **$11.98 billion**. These figures underscore the dynamic landscape of cryptocurrency trading and the increasing institutional interest in Bitcoin derivatives, reflecting a robust appetite for hedge and speculative strategies within the financial ecosystem.