{"id":86866,"date":"2023-11-10T12:03:31","date_gmt":"2023-11-10T10:03:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86866"},"modified":"2025-09-13T08:10:15","modified_gmt":"2025-09-13T05:10:15","slug":"cme-overtook-binance-in-the-bitcoin-futures-ranking","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cme-overtook-binance-in-the-bitcoin-futures-ranking\/","title":{"rendered":"CME overtook Binance in the Bitcoin futures ranking"},"content":{"rendered":"

CME<\/span> overtook Binance for the top spot in the list of the largest platforms by open interest (OI) in Bitcoin futures, according to Coinglass<\/a>.<\/p>\n

\"1-821\"
Data: Coinglass.<\/figcaption><\/figure>\n

Over the past 24 hours, open interest on the Chicago Mercantile Exchange rose 4%, to $4.06 billion, lifting the platform’s share to 24.7% of the market. Binance’s figure fell by 7.8%, to $3.8 billion.<\/p>\n

Below is FalconX Research’s trajectory of Bitcoin futures open-interest market share.<\/p>\n

\"2-658\"
Data: CoinDesk<\/a>, FalconX.<\/figcaption><\/figure>\n

CoinDesk<\/a> attributed the swap to rising demand from institutions. The latter favour the regulated products listed on the Chicago Mercantile Exchange.<\/p>\n

Binance lost leadership for the first time in two years, according to crypto media.<\/p>\n

\n

\u201cCME had captured market share for almost all of 2023. The growth accelerated in recent weeks, as hype<\/em><\/a> around spot ETF<\/em><\/a> filings surged<\/em>,\u201d<\/em> \u2014 commented FalconX’s head of research, David Louant.<\/p>\n<\/blockquote>\n

The changes may have been aided by waves of liquidations<\/a> contracts.<\/p>\n

Earlier, ForkLog reported that Binance clients held short positions<\/a>. The scale of forced liquidations due to risk-management requirements at the platform could have been relatively higher than at peers, journalists explained.<\/p>\n

As reported, the CME’s cryptocurrency division head Gio Vichioso said there was record interest<\/a> in Bitcoin and Ethereum derivatives in Q3.<\/p>\n

In October, the open-interest in futures based on digital gold on the exchange exceeded 100 000 BTC<\/a> for the first time.<\/p>\n","protected":false},"excerpt":{"rendered":"

CME overtook Binance for the top spot in the list of the largest platforms by open interest in Bitcoin futures, according to Coinglass.<\/p>\n","protected":false},"author":1,"featured_media":86867,"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":[744,18,1166,383,1168],"class_list":["post-86866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bitcoin","tag-centralized-exchanges-cex","tag-cme-group","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86866","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=86866"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86866\/revisions"}],"predecessor-version":[{"id":86868,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86866\/revisions\/86868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86867"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}