The CME has taken its #2 spot on OI for Bitcoin Futures contracts as BitMEX charged

As of Thursday, bitcoin futures contracts worth $790 million were open on the Chicago Mercantile Exchange (CME). That is 15.8% of the global open interest tally of $5 billion – the second-highest contribution among major exchanges, data from Skew Analytics shows. The CME has overtaken BitMEX on the Bitcoin futures open interest charts.

OKEx, the market leader whose founder was also taken away by police this month, has not slipped, the exchange retained the first place, accounting for nearly 20% of total open interest. And all that despite limitations to withdrawals on its platform.

In the third position was Binance, the world’s largest cryptocurrency spot exchange by trading volumes, which accounted for 14.3% of the total open interest. The controversial perpetuals giant BitMEX ranked fourth.

“The CME’s rise is predominantly led by institutional participation, as most entrants from that segment are prohibited from dealing in unregulated derivatives listed on retail platforms such as BitMEX and Binance,” Matthew Dibb, co-founder and COO of Stack Funds said.

Trading volumes tell a different story. Here, Binance is still king; the the world’s largest cryptocurrency spot exchange by trading volumes traded $4.43 billion worth of futures contracts in the past 24 hours.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

The post The CME has taken its #2 spot on OI for Bitcoin Futures contracts as BitMEX charged appeared first on AZCoin News.

As of Thursday, bitcoin futures contracts worth $790 million were open on the Chicago Mercantile Exchange (CME). That is 15.8% of the global open interest tally of $5 billion – the second-highest contribution among major exchanges, data from Skew Analytics shows. The CME has overtaken BitMEX on the Bitcoin futures open interest charts. OKEx, the market
The post The CME has taken its #2 spot on OI for Bitcoin Futures contracts as BitMEX charged appeared first on AZCoin News.

 5 total views,  1 views today

Leave a Reply