{"id":50867,"date":"2021-10-08T12:13:28","date_gmt":"2021-10-08T09:13:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50867"},"modified":"2025-09-02T20:36:34","modified_gmt":"2025-09-02T17:36:34","slug":"cme-improves-standing-among-exchanges-amid-institutional-interest-in-bitcoin-futures","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cme-improves-standing-among-exchanges-amid-institutional-interest-in-bitcoin-futures\/","title":{"rendered":"CME improves standing among exchanges amid institutional interest in Bitcoin futures"},"content":{"rendered":"<p>The Chicago Mercantile Exchange (CME) moved from fourth to third place in the ranking of the largest platforms by open interest in Bitcoin futures.<\/p>\n<p>According to <a href=\"https:\/\/analytics.skew.com\/dashboard\/bitcoin-futures\">Skew<\/a>, at the time of writing the CME&#8217;s open interest stood at $3.05 billion, FTX at $3.07 billion, and Binance, which sits in first place, at $4.18 billion.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_btc_futures_open_interest_bn-5-1024x572.png\" alt=\"CME improved position among exchanges amid institutional interest in Bitcoin\" class=\"wp-image-152214\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_btc_futures_open_interest_bn-5-1024x572.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_btc_futures_open_interest_bn-5-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_btc_futures_open_interest_bn-5-768x429.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_btc_futures_open_interest_bn-5.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Skew.<\/figcaption><\/figure>\n<\/div>\n<p>In terms of trading activity over the past 24 hours, the CME with $1.54 billion ranks sixth. The leader Binance has this figure 12.35 times higher \u2014 $19.02 billion.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_24h_btc_futures_volumes_bn-13-1024x572.png\" alt=\"CME improved position among exchanges amid institutional interest in Bitcoin\" class=\"wp-image-152215\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_24h_btc_futures_volumes_bn-13-1024x572.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_24h_btc_futures_volumes_bn-13-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_24h_btc_futures_volumes_bn-13-768x429.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/skew_exchange_24h_btc_futures_volumes_bn-13.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Skew.<\/figcaption><\/figure>\n<\/div>\n<p>The CME&#8217;s improved standing is supported by growing confidence among institutional investors that the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> will approve the bitcoin-<span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span>. The futures basis relative to the spot price, annualised on monthly contracts, has exceeded the corresponding measure on unregulated platforms.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> futures basis is widening ahead of regulatory decision later this month on pending futures-based ETF proposals <a href=\"https:\/\/t.co\/fGwlYac3zL\">pic.twitter.com\/fGwlYac3zL<\/a><\/p>\n<p>\u2014 Coinbase Institutional (@CoinbaseInsto) <a href=\"https:\/\/twitter.com\/CoinbaseInsto\/status\/1445687918492745736?ref_src=twsrc%5Etfw\">October 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier Bloomberg <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-analysts-forecast-sec-approval-of-bitcoin-etf-by-end-october\">forecasted<\/a> the bitcoin ETF&#8217;s approval by the SEC by the end of October.<\/p>\n<p>In September, SEC Chairman Gary Gensler <a href=\"https:\/\/forklog.com\/en\/news\/gensler-outlines-the-conditions-under-which-the-sec-would-approve-a-bitcoin-etf\">confirmed<\/a> that the regulator would consider applications to launch this instrument if they are based on CME futures and comply with the Investment Company Act of 1940.<\/p>\n<p>Follow ForkLog on VK! <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CME moved from fourth to third in open interest for Bitcoin futures.<\/p>\n","protected":false},"author":1,"featured_media":50868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[383],"class_list":["post-50867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cme-group"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50867"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50867\/revisions"}],"predecessor-version":[{"id":50869,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50867\/revisions\/50869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50868"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}