Ethereum Futures Surge as Binance Captures 49% Open Interest
Photo: Coinfomania
Binance captures 49% of Ethereum open interest, a record high. This shift could reshape futures trading dynamics in the market. Binance now holds 49% of Ethereum's open interest, a record since 2023. Ethereum has become a focal point for institutional interest as Binance now holds a staggering 49% of the total open interest in Ethereum futures. This record-setting figure, reported by @cryptoquant_com, highlights Binance’s growing dominance in the crypto derivatives space. Such significant concentration of futures on a single exchange could have implications for market volatility and trading strategies moving forward.
Source: Coinfomania
