Claim BonusBinance Surpasses CME to Become Top Bitcoin Futures Exchange, What it Means for BTC Price?
Highlights
- Binance flips CME to become largest futures exchange again
- Binance has notional BTC open interest of $4.52 billion against $4.35 billion on CME
- Spot Bitcoin ETFs recorded a net inflow of $68 million, continuing to decline amid lack of interest from institutional investors
- ETF expert Nate Geraci says spot Bitcoin ETF is crucial for liquidity
The world’s largest crypto exchange Binance has again topped world’s leading derivatives marketplace Chicago Mercantile Exchange (CME) in Bitcoin futures after months. The outflow from GBTC drops continuously, and so do other spot Bitcoin ETFs, including BlackRock and Fidelity.
Binance Surpasses CME in Bitcoin Futures Open Interest
Bitcoin Futures open interest (OI) on Binance has surpassed CME after four months. The spot Bitcoin ETF demand from institutional investors put CME on the top in derivatives trading for the last several months.
With a notional open interest (OI) of 105,130 BTC valued at $4.52 billion, Binance is now the largest Bitcoin futures exchange again. The Chicago Mercantile Exchange (CME) ranks second, with a notional open interest of 101,410 worth $4.35 billion.
BTC OI on Binance soared 2% in last 24 hours, whereas it plunged more than 3% on CME. This indicates demand from institutional investors for spot Bitcoin ETF continues to drop.
According to Bitcoin ETF flow data up to February 5, spot Bitcoin ETFs recorded a net inflow of $68 million. Notably, GBTC saw a 108 million outflow. It clearly shows a massive drop in demand for spot Bitcoin ETF.
BlackRock’s spot Bitcoin ETF (IBIT) saw more than $137 million inflow on Monday, rising in comparison to the inflow last Friday.
Read More: Bitcoin Options Block Trade Hints Strong Price Volatility In Feb
Bitcoin ETF Options Key
Nate Geraci, president of ETF Store, said approval of spot bitcoin ETF options is crucial for the market. Also, the timing plays an important role as a liquidity leader in ETF category has historically charged higher fees. Grayscale will need a robust derivatives ecosystem developed around underlying ETF if they wants to remain a leader and charge high fees. Currently, GBTC charges 1.5% management fees for its spot Bitcoin ETF.
Geraci added that the longer approval on spot bitcoin ETF options takes, it will be worse for current liquidity leader GBTC. He thinks “options should be approved w/out delay.”
BTC price trading at $42,9211 in the past 24 hours. The 24-hour low and high are $42,298 and $43,494, respectively. Furthermore, the trading volume has increased by nearly 15% in the last 24 hours, indicating a rise in interest among traders.
Also Read: MicroStrategy Earnings — Michael Saylor Hints At Revealing MSTR’s Bitcoin Strategy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Morgan Stanley to Launch Crypto Wallet Amid Plans for BTC, ETH, SOL ETFs
- Bitcoin, Ethereum Options Worth $2.2B Set to Expire Tomorrow Amid Potential Trump Tariffs Ruling
- Crypto Markets Eye Rebound as Fed Completes $40B in Reserve Management Purchases
- Scott Bessent Calls for More Fed Rate Cuts in 2026 as Miran Backs 150 bps Cut
- Breaking: U.S. Initial Jobless Claims Rise to 208K, Bitcoin Drops
- Tesla Stock Price Prediction for Jan 2026 Ahead of Q4 Earnings Report
- Ethereum Price Eyes a 30% Surge as Vitalik Buterin Names it the ‘World’s Heartbeat’
- XRP Price Prediction After Spot XRP ETFs Record the First Outflow in 36 Days?
- XRP vs Solana Price: Which Could Outperform in January 2026?
- Meme Coin Price Prediction For Jan 2026: Dogecoin, Shiba Inu And Pepe Coin
- Pi Coin Price Eyes Rebound to $0.25 as Top Whale Nears 400M Milestone
