The Chicago Mercantile Exchange (CME) has surpassed Binance to become the leading Bitcoin futures exchange, marking a potential shift toward institutional interest in the crypto sector. CME's open interest now stands at approximately $4 billion, representing over 24% of the market share.
In contrast, Binance experienced a nearly 13% drop in the last 24 hours, with its open interest declining to $3.76 billion. Analysts view this development as a sign of the crypto market's evolving phase, anticipating increased institutional involvement. As Bitcoin and Ethereum prices surged, the rise of CME underscores the growing institutional interest in Bitcoin futures. The dynamics of futures exchanges may signal a new era of institutional investment in cryptocurrency.
