Open interest in Bitcoin futures reaches record $37.55 billion
Starting from the end of 2023, interest in Bitcoin (BTC) derivatives has been growing and reaching new peaks. According to coinglass.com, open interest (OI) in BTC futures stood at $37.55 billion on Friday afternoon, equivalent to approximately 539,430 BTC.
A significant portion of this amount, $11.5 billion, comes from CME Group, making it the leading platform for trading derivatives such as BTC futures. The next place is occupied by Binance, whose OI is $8.22 billion, followed by Bybit with a figure of $5.29 billion, Bitget with an OI of $3.82 billion and Okx with an OI of $3.13 billion. Deribit and Bingx had an open interest of $1 .74 billion and $2.63 billion, respectively.
As for Ether (ETH) futures, they have also experienced a noticeable increase in open interest recently, although they have not reached its peak. As of Friday, the open interest for ETH futures was $13.68 billion. The total open interest for all futures for the cryptocurrency was $78 billion, which indicates a slight decrease (2.46%) compared to the previous day.
#BTC #binance #Bitcoin #btcusdt #news $BTC