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Binance Futures Open Interest Surpasses CME, Changing the Landscape of the BTC Futures Market
【Crypto World】Recently, there has been an interesting phenomenon—Binance’s presence in Bitcoin futures is becoming increasingly prominent. According to data, Binance has now become the largest trading platform for Bitcoin futures, with a position volume of 125,000 BTC, equivalent to approximately $11.2 billion.
In comparison, the traditional financial veteran CME (Chicago Mercantile Exchange) hasn’t had such a good time. Their BTC holdings have fallen to 123,000 BTC, hitting a new low since February 2024. This change is quite intriguing—from a certain perspective, it reflects that the focus of the crypto market is gradually shifting towards leading exchanges, and Binance’s advantages in market liquidity and trading depth are quite evident.
Of course, this may also indicate that traditional financial institutions are adjusting their participation in BTC futures. Market structure changes always come with opportunities and risks, so it’s still necessary to keep a close eye on these data changes.