This Bitcoin Futures Market Indicator Hit a $13 Billion Record

From decrypt.co

Aggregated open interest in Bitcoin futures hit a record high on Thursday, January 14. According to market data from Skew Analytics, which tracks 12 leading crypto derivatives exchanges, aggregated open interest topped $13 billion yesterday. The largest market for Bitcoin Futures is CME, with roughly $2.4 billion, followed by OKEx ($2.2 billion), and Binance ($2 billion). The remaining exchanges include Bakkt, Bitfinex, BitMEX, Bybit, CoinFlex, Deribit, FTX, Huobi, and Kraken.Open interest represents the number of contracts waiting to be settled. Thus, as the name suggests, it serves as a guide to whether interest in ... (full story)