Bitcoin Open Interest Surges to Over $36 Billion, Driven by CME Growth

According to recent data from Coinglass, as reported by COINOTAG, the overall open interest for Bitcoin derivatives has surpassed a significant milestone, reaching approximately US$36.104 billion as of October 14. This marks a notable increase of 3.83% within a 24-hour period, underscoring the growing trading activity and market engagement among investors. The majority of this uptick in open interest can be attributed to the Chicago Mercantile Exchange (CME), where open interest rose by 2.56% during the same timeframe. In contrast, Binance experienced a more modest increase of just 0.96%. These figures indicate a robust participation in the cryptocurrency market, particularly in futures trading, as traders continue to capitalize on price movements and hedge against volatility.