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The Chicago Mercantile Exchange (CME) is becoming a major amongst the largest bitcoin (BTC) futures and perpetual futures exchanges in terms of open interest. The CME now brags a notional open interest (OI) of $3.54 billion, making it the second-largest bitcoin futures exchange. Notional open interest refers to the U.S. dollar value locked in the number of active or open contracts. The CME has Binance – the crypto exchange major with an open interest of $3.83 billion- to beat. Open interest in CME’s cash-settled futures contracts recently surpassed the 100,000 BTC mark for the first time on record. Similarly, the CME’s share in the BTC futures market rose to a new lifetime high of 25%.
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