"Binance Surpassed CME in Bitcoin Futures"

Binance's Leadership

Binance has become the largest platform in terms of open positions in Bitcoin futures. Currently, there are approximately 125,000 Bitcoin on the platform. This corresponds to a nominal value of about $11.2 billion.

CME's Decline

On the other hand, open positions in Bitcoin futures at CME Group have decreased to approximately 123,000 Bitcoin. This has been recorded as the lowest level since February 2024.

Decrease in Institutional Demand

The tight spot futures spreads in the markets have led to a resolution of the fundamental trading. This situation has reduced institutional demand on CME, affecting market dynamics.