CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes
Affected assets and topics
Why it 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.
Expected market reaction
Market impact analysis based on bearish sentiment with 82% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 25332
Original source
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.
Read the full article on CoinDesk
Original article published by CoinDesk on December 22, 2025. Analysis and insights provided by AnalystMarkets AI.
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