CME Overtakes Binance to Hold Largest share In Bitcoin Futures
CME beats Binance in Bitcoin futures as Bitcoin hits $37K, could affect SECs decisions on ETFs.
CME overtakes Binance in Bitcoin futures, marking a significant shift as Bitcoin surpasses $37,000.
Open interest reflects the total active contracts in the market, an important measure for market health. The more contracts, the greater the interest.
Analysts note that CME's rise could influence the SEC's approval of Bitcoin ETFs, which has been hesitant due to market manipulation concerns.
The SEC has previously rejected ETF applications, asking for more data on market depth and fraud prevention measures.
CBOE re-submits a Bitcoin ETF proposal, aiming to satisfy the SEC with new steps to prevent fraud, including a partnership with Coinbase for market data.
This data-sharing agreement with Coinbase aims to strengthen market surveillance, a key factor for the SEC when considering Bitcoin ETF approvals.
