Ethereum Futures Open Interest Hits Record $52 Billion, Driven by Binance and CME Contracts

Data from Coinglass on July 20 reveals a sustained increase in market participants’ exposure to Ethereum futures, reflecting growing confidence in the asset’s trajectory. The total open interest for Ethereum futures has exhibited a consistent upward momentum for more than a month. Notably, after surpassing the $50 billion threshold on July 17, the figure climbed further to exceed $52 billion today, marking a new all-time peak. The current open interest stands at approximately 14.31 million ETH, valued at around $52.14 billion, with a 24-hour growth rate of 0.74%. Within this landscape, Binance leads with an open interest of $9.33 billion in Ethereum contracts, followed by CME at $6.81 billion, underscoring the dominance of these platforms in the futures market.