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November 10, 2023

CME Emerges as Top Futures Exchange, Beating Binance and Others

Ethan Williams
Written byEthan WilliamsWriter
Researched byNikos PapadopoulosResearcher

Introduction

CME, the Chicago Mercantile Exchange, has emerged as the top futures and perpetual futures exchange, according to CoinGlass data. With an open interest (OI) of approximately $4.07 billion, CME holds a market share of 24.7%. On the other hand, Binance, a popular cryptocurrency exchange, experienced a decrease in OI, standing at $3.8 billion, down 7.8% in the past 24 hours.

CME Emerges as Top Futures Exchange, Beating Binance and Others

CME's Offering

CME specializes in trading traditional futures contracts with predetermined expiry dates. These contracts provide traders with the opportunity to buy or sell assets at a specified price and date in the future.

Binance and Other Exchanges

In contrast, Binance and other exchanges offer both conventional futures contracts and perpetual contracts. Conventional futures contracts have a set expiry date, while perpetual contracts do not expire.

Conclusion

CME's top ranking in the futures market highlights its strong position and appeal to traders. With its wide range of traditional futures contracts, CME provides a reliable platform for traders to engage in futures trading. Meanwhile, Binance and other exchanges cater to traders looking for both conventional and perpetual contracts. As the futures market continues to evolve, traders have a variety of options to choose from based on their trading preferences and strategies.

About the author
Ethan Williams
Ethan Williams
About

Ethan Williams, a lively 24-year-old lad from the UK, brilliantly fuses his passion for online casinos with top-notch English localisation, creating bespoke casino guides for Britain's keen gaming lot.

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