Chicago Mercantile Exchange becomes second-largest Bitcoin futures exchange ahead of #BINANCE

The default open interest rate of the Chicago Mercantile Exchange (#CME ) increased to $3.57 billion, making it the second-largest exchange for trading Bitcoin and perpetual futures. This rise is due to increased interest in #bitcoin futures and perpetent futures. This rise shows progress for institutions in the Bitcoin space, and coincides with the rise in Bitcoin prices and the increase in trading in Bitcoin futures #etf s. This growth hints at fading bearish views and increasing short pressure on Bitcoin. It is also awaiting the approval of the exchange-traded Bitcoin fund with an expected positive impact on Bitcoin prices.