CME overtakes OKEx as largest Bitcoin futures market

[sneakyboi]

CME overtakes OKEx as largest Bitcoin futures market

CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows.

In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data from Skew, a market intelligence firm, Arcane said open interest in CME’s Bitcoin futures contract has reached $1.16 billion. OKEx, meanwhile, registered $1.07 billion.

Learn more about the news here.

[KryptoBull]

Congratulations CME, perhaps this has come from the troubles OKEx has with the Chinese government regarding the legal issues of the OKEx team members and the freezing status of the exchange. Currently, OKEx is ready to work normally again, although the volume of crypto withdrawn from the exchange is quite large, but with a reasonable strategy, OKEx can completely come back.