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 <p>The Chicago Mercantile Exchange (<a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a>) has surged to become the second-largest Bitcoin futures exchange by open interest. <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a>’s open interest recently hit $3.58 billion, pushing it past Bybit and OKX to now rank only behind industry leader Binance. Binance currently leads with $3.9 billion in open interest.</p>
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 <p>The regulated <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a> offers cash-settled Bitcoin futures contracts in standard and micro sizes. Increasing interest has led to volume on <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a> futures exceeding 100,000 BTC.</p>
 <p><strong>Also read:&nbsp;Solana (SOL) Price Prediction: November 2023</strong></p>
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 <h2 class="wp-block-heading" id="h-cme-now-captures-25-of-global-bitcoin-futures-market-share">CME now captures 25% of global Bitcoin futures market share</h2>
 <p><a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a> now captures 25% of the global Bitcoin futures market share as institutional traders pile into its offerings. The majority of activity is via <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a>’s standard futures amid the coin’s double-digit October gains to over $35,000.</p>
 <p>Open interest refers to outstanding futures contracts yet to be settled. It indicates the amount of capital flowing into Bitcoin derivatives markets.</p>
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 <p>Rising open interest signals bullish sentiment, whereas declining interest points to bearishness. <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a>’s meteoric open interest growth reflects a growing institutional appetite for Bitcoin exposure.</p>
 <p><strong>Also read:&nbsp;Shiba Inu Burn Rate Goes Parabolic, Surges 5600%</strong></p>
 <p>Offshore exchanges like Binance lead in perpetual futures with no expiry, while <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a> offers quarterly contracts. But <a rel="noopener noreferrer nofollow" title="CME" href="https://thebittimes.com/tag/cme.html">CME</a> brings the credibility and oversight of a traditional finance player.</p>
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<div class="cs-entry__tags">
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  <li>binance</li>
  <li>bitcoin</li>
  <li>CME</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cme-becomes-top-bitcoin-futures-exchange-behind-binance-tbt68427.html">https://thebittimes.com/cme-becomes-top-bitcoin-futures-exchange-behind-binance-tbt68427.html</a></p>

CME Becomes Top Bitcoin Futures Exchange Behind Binance

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