Bybit Replaces CME as No. 2 Bitcoin Futures Exchange by Open Interest | Crypto Craft

  • Bybit Replaces CME as No. 2 Bitcoin Futures Exchange by Open Interest

    From coindesk.com

    Bybit, a cryptocurrency exchange with more than 2 million registered users, has overtaken the Chicago Mercantile Exchange (CME) as the second-largest bitcoin futures exchange by open interest (OI), according to data from Skew. Open interest is the total number of outstanding derivative contracts, such as options or futures held by market participants at the end of a day. Open interest measures the total level of activity in the futures market. Bybit now has $2.48 billion in BTC futures open interest, whereas CME has $2.3 billion, according to Skew. Binance is still No. 1. “Both retail and institutional investors ... (full story)

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yieldjunkie
Apr 14, 2022 2:27pm
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“Both retail and institutional investors tend to choose Bybit for its high liquidity, low spread and outstanding reliability when the battle between longs and shorts heat up,” a Bybit representative wrote in an email to CoinDesk.

No, it's definitely the leverage limit. You'd have to be crazy to vouch for a crypto exchange's reliability over CME.
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