CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes

Market Intelligence Analysis

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Why This Matters

CME has lost its top spot to Binance in bitcoin futures open interest due to a decline in institutional demand and a decrease in the profitability of the basis trade.

Market Impact

Market impact analysis based on bearish sentiment with 82% confidence.

Sentiment
Bearish
AI Confidence
82%

Article Context

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Behind the move is a sharp narrowing in the profitability of the basis trade, in which traders attempt to capture a spread by buying spot bitcoin while selling BTC futures.

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Original article published by Unknown on December 22, 2025.
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