CME Takes Over as Largest Bitcoin Futures Exchange as BITO Pushes Limits

Posted on by American Coins & Gold

CME Takes Over as Largest Bitcoin Futures Exchange as BITO Pushes Limits
The Chicago Mercantile Exchange (CME) has replaced Binance as the world’s biggest bitcoin futures platform, thanks to the strong investor appetite for the recently launched ProShares Bitcoin Strategy ETF.As of writing, the CME accounts for 22% or $5.68 billion of the total global futures open interest of $25.7 billion, while Binance is contributing $5.66 billion to the worldwide tally.The amount of money locked in the CME-based futures contracts has tripled this month, with more than $1.5 billion flowing into the market after ProShares’ bitcoin ETF went live on Tuesday.Launched under the ticket BITO on the New York Stock Exchange, the…