Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack

On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors.

Bitcoin Futures Open Interest Reaches Unprecedented $37.55 Billion

Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching new peaks. As of 1:25 p.m. Eastern Time on Friday, data from coinglass.com reveals that BTC futures boast an open interest (OI) of $37.55 billion, equivalent to approximately 539,430 BTC.

A significant $11.5 billion of this sum originates from CME Group, positioning it as the leading derivatives trading platform in terms of BTC futures. Binance is next with $8.22 billion in OI, followed by Bybit with $5.29 billion, Bitget with $3.82 billion, and Okx with $3.13 billion. Deribit and Bingx hold OI ranging from $1.74 billion to $2.63 billion, respectively.

Ethereum (ETH) futures, while not reaching their peak, have also experienced a notable increase in OI recently. Currently, there is $13.68 billion in OI for ether-based futures on Friday. Across all cryptocurrency futures, the total OI stands at $78 billion, marking a slight decrease of 2.46% from the previous day.

What do you think about bitcoin futures open interest reaching new heights this week? Share your thoughts and opinions about this subject in the comments section below.

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