CME Futures Open Interest Tops Binance After Flash Crash
Key takeaways: CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion. Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, especially in altcoin and perpetual futures. Friday’s cryptocurrency market crash wiped out a record $74 billion in leveraged positions across the…
