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.