CME Overtakes Binance in Bitcoin Futures as Institutions Flood Crypto Derivatives Market
The first half of 2025 marked a pivotal transition in the crypto derivatives landscape, with institutional capital driving significant changes in market structure.
According to CoinGlass’s H1 2025 report, the surge in demand for regulated products and robust inflows into spot ETFs have redefined the Bitcoin and Ethereum markets.
CME Leads Bitcoin Futures
In particular, CME has become the top exchange by Bitcoin futures open interest (OI), surpassing crypto-native giant Binance. As of June 1, CME’s BTC futures OI stood at 158,300 BTC, worth $16.5 billion. This eclipsed Binance’s 118,700 BTC, worth $12.3 billion.
These figures highlight a growing preference for regulated derivatives platforms, with institutions increasingly…
