Binance’s grip on the futures market strengthens

The bitcoin futures market's total open interest remains around $20 billion, and Binance is now the dominating player in the futures market.
Source: Skew

Starting the year, the fight for the throne in the futures market was fierce. OKEx, CME, and Binance all held the leading position from time to time. But, the first few months of the year have seen Binance strengthening its grip on the bitcoin futures market, as the platform currently holds 19% of the OI in the BTC futures market.

Meanwhile, both CME and OKEx have seen a sharp decline in their relative dominance in the BTC Futures market. Accounting for 14% and 12% of the OI, respectively.

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