Binance continues to lead the futures market in 2024, holding around 40% of open interest. Bybit holds 28-30%, while OKX, HTX, and Deribit have moderate shares of 10-12%. BitMEX maintains a smaller market share of around 2%.

Stablecoin reserves support Binance’s dominance, with reserves to open interest ratios of 2.0-2.6, indicating solid collateral. Others like OKX, Bybit, BitMEX, and HTX have weaker figures.

BitMEX leads in BTC reserves to open interest ratios, while Binance remains stable. OKX, HTX, Deribit, and Bybit have lower figures, indicating potential risks.