{"id":169169,"date":"2023-10-31T03:34:12","date_gmt":"2023-10-31T00:34:12","guid":{"rendered":"http:\/\/kupitiblog.store\/576r\/cme-closes-in-on-binance-as-second-largest-bitcoin-futures-exchange\/"},"modified":"2023-10-31T03:34:12","modified_gmt":"2023-10-31T00:34:12","slug":"cme-closes-in-on-binance-as-second-largest-bitcoin-futures-exchange","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/cme-closes-in-on-binance-as-second-largest-bitcoin-futures-exchange\/","title":{"rendered":"CME closes in on Binance as second-largest bitcoin futures exchange"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2023\/10\/b2b81aeeb9043f99a3f7c0a93f402dd8.jpg\"  \/><br \/>\n<span class=\"text\"><\/span><br \/>\n<i class=\"imgGrad\"><\/i><\/p>\n<p>&nbsp;<\/p>\n<p>The Chicago Mercantile Exchange (CME) has ascended to the position of the second-largest bitcoin futures exchange, boasting a notional open interest of $3.54 billion, and trailing only slightly behind Binance&#8217;s $3.83 billion. This recent development, coupled with the fact that CME&#8217;s cash-settled futures open interest surpassed 100,000 BTC for the first time, has led to CME securing a record 25% share in the BTC futures market.<\/p>\n<p>These figures indicate a significant shift from retail to institutional traders in the cryptocurrency market, with CME and Binance vying for dominance in the <span class=\"aqPopupWrapper js-hover-me-wrapper\">Bitcoin<\/span> futures open interest market. Despite Binance, a global cryptocurrency exchange, slightly leading with over 28% market share compared to CME&#8217;s 26%, the competition is fierce. The total open futures contracts represent an investment of 400,000 Bitcoin, with Binance leading at 113,419 Bitcoin and CME closely following at 103,075 Bitcoin.<\/p>\n<p>Standard and micro bitcoin futures contracts at CME correspond to 5 BTC and one-tenth of a BTC respectively. Some observers see this rise as an institutional-led rally. Andr\u00e9 Dragosch from Deutsche Digital Assets attributes it to the unwinding of bearish bets on offshore unregulated exchanges.<\/p>\n<p>The role of retail investors is also evident in this scenario. ProShares&#8217; bitcoin futures ETF volume witnessed a 420% increase to $340 million last week according to data from Matrixport. Amid macroeconomic uncertainty and optimism surrounding spot ETFs, Bitcoin has seen a significant surge of 27% this month. The majority of open interest in offshore exchanges is concentrated on perpetual futures.<\/p>\n<p>This escalating competition between Binance and CME underscores the increasing institutional interest in cryptocurrency markets and the evolving dynamics of Bitcoin futures trading.<\/p>\n<\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/www.investing.com\/news\/cryptocurrency-news\/cme-closes-in-on-binance-as-secondlargest-bitcoin-futures-exchange-93CH-3213980\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Chicago Mercantile Exchange (CME) has ascended to the position of the second-largest bitcoin futures exchange, boasting a notional open interest of $3.54 billion, and trailing only slightly behind Binance&#8217;s $3.83 billion. This recent development, coupled with the fact that CME&#8217;s cash-settled futures open interest surpassed 100,000 BTC for the first time, has led &hellip;<\/p>\n","protected":false},"author":1,"featured_media":169171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3345],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CME closes in on Binance as second-largest bitcoin futures exchange - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CME closes in on Binance as second-largest bitcoin futures exchange - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The Chicago Mercantile Exchange (CME) has ascended to the position of the second-largest bitcoin futures exchange, boasting a notional open interest of $3.54 billion, and trailing only slightly behind Binance&#8217;s $3.83 billion. This recent development, coupled with the fact that CME&#8217;s cash-settled futures open interest surpassed 100,000 BTC for the first time, has led &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kupitiblog.store\/576r\/cme-closes-in-on-binance-as-second-largest-bitcoin-futures-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T00:34:12+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2023\/10\/b2b81aeeb9043f99a3f7c0a93f402dd8-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u043c\u0438\u043d\u0443\u0442\u0430\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/#website\",\"url\":\"https:\/\/kupitiblog.store\/576r\/\",\"name\":\"BiznesSMI - 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