CME Bitcoin futures open interest hits record $1.47 billion

Open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) reached a new high at $1.47 billion.

The current reading is up 42% from a week ago ($1.03 billion).

Total open interest (OI) across major derivatives exchanges stands at $8.78 billion.

The highest OI is on OKEx, followed by CME and Binance.

Data: skew.

There has been a noticeable uptick in institutional players (the Commercial category) at CME, according to CFTC data.

In early February, CME will launch Ethereum futures trading.

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