Binance Overtakes CME in Bitcoin Futures Open Interest Amid Falling Institutional Demand

Binance has surpassed the Chicago Mercantile Exchange (CME) to become the leader in Bitcoin futures open interest. This shift highlights a notable decline in institutional demand for regulated Bitcoin derivatives. Data reveals that while CME's open interest has dropped significantly, Binance's position has grown, signaling a change in market participant dynamics. Analysts link this trend to reduced institutional activity and a potential shift in trader preference towards different platforms. The overall open interest in Bitcoin futures markets has also decreased, reflecting broader caution. This development is a key indicator for monitoring institutional sentiment and liquidity flows in the crypto market.