Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.
A number of analysts highlighted the ‘flippening’ of Binance by CME, with the latter overtaking the global cryptocurrency exchange for the largest share of Bitcoin futures open interest.
Wow, the real flippening that no one is talking about:
CME just flipped Binance for the largest share of Bitcoin futures open interest.
Bittersweet — there will soon be more suits than hoodies here.
(h/t @VidiellaLaura) pic.twitter.com/SIPRLMlFcy
— Will (@WClementeIII)… Read more on Cointelegraph