In a significant development for the cryptocurrency world, the Chicago Mercantile Exchange (CME) has surged to second place in Bitcoin futures exchanges, with an open interest of $3.58 billion as of October 30th. This leap pushed CME ahead of Bybit and OKX, trailing just behind Binance’s $3.9 billion. CME’s success is attributed to its standard Bitcoin futures contracts, driven by increasing institutional interest amid Bitcoin’s impressive surge to over $35,000 in October. This rise in open interest signals a bullish sentiment, solidifying CME’s position with 25% of the Bitcoin futures market share.