The Chicago-based CME, focused on institutional players, briefly led open interest in the Bitcoin futures market. Arcane Research analysts shared the observations.
According to data from @skewdotcom, CME is now the largest futures market for #bitcoin!
Institutional investors are here🏦💰 pic.twitter.com/6GgQdrMw12
— Arcane Research (@ArcaneResearch) November 27, 2020
‘Institutional investors are here,’ the researchers noted.
As of writing, OKEx leads open interest, followed by CME. Binance is in third place.
Data: skew.
Data: The Block, CFTC.
As noted, the aggregate interest in futures and options reached record highs amid Bitcoin’s recent rally.
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