CME overtakes OKEx as largest Bitcoin futures market

Cointelegraph

Published Nov 27, 2020 02:00PM ET

Updated Nov 27, 2020 03:40PM ET

CME Group (NASDAQ:CME) has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows.

In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data from Skew, a market intelligence firm, Arcane said open interest in CME’s Bitcoin futures contract has reached $1.16 billion. OKEx, meanwhile, registered $1.07 billion.

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