Binance CEO has acknowledged CME’s rise to the top as the leading Bitcoin Futures trading platform.
Zhao considers the development an indication of U.S. institutions moving into crypto.
CME overtook Binance to claim the top position for the first time in two years.
Binance CEO Changpeng Zhao has acknowledged the rise to the top of the Chicago Mercantile Exchange (CME) as the leading platform for Bitcoin Futures trading. Zhao considers the development an indication of U.S. institutions moving into crypto and questions how other countries may respond.
Zhao posted on X (formerly Twitter) following reports that the CME had become the number one trading platform for Bitcoin Futures, according to data from Coinglass. On Thursday, the platform overtook Binance to claim the top position for the first time in two years.
According to Coinglass data, CME established its top position with an Open Interest (OI) of about $4.07 billion after rallying 4% in 24 hours. CME claimed 24.7% of the market share by reaching that value. Me…
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