Ethereum Futures Open Interest Hits Record $48.28 Billion, Led by Binance and CME Contracts

On July 17, data from Coinglass revealed a significant surge in Ethereum futures open interest, reaching an unprecedented 14.73 million ETH, valued at approximately $48.28 billion. This milestone marks a new record for the total network, reflecting an 8.84% increase within 24 hours. Binance led the market with the highest open interest in Ethereum contracts, totaling $8.9 billion, followed closely by CME at $5.08 billion. This uptick underscores growing institutional and retail investor confidence in Ethereum’s market trajectory, highlighting the asset’s expanding role in derivative trading platforms. The robust growth in futures contracts signals heightened market activity and liquidity, essential factors for price discovery and risk management in the crypto ecosystem.