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CME Emerges as Second-Largest Bitcoin Futures Exchange

The regulated Chicago Mercantile Exchange (CME) is steadily climbing the ranks as one of the largest Bitcoin futures and perpetual futures exchanges in a development reminiscent of the early stages of the 2020-2021 bull run. With a notional open interest (OI) of $3.54 billion, CME has surged from the fourth position to become the second-largest Bitcoin futures exchange, according to data from Coinglass. Despite CME’s impressive rise, crypto exchange Binance still holds the top spot, boasting an open interest of $3.83 billion, 8% higher than CME’s.It is worth noting that CME’s cash-settled futures contracts recently surpassing the 100,000 BTC mark for the first time on record.

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