CME futures open interest flips Binance: Does Wall Street fully control crypto now?

The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share.

Key takeaways:

CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion.

Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, especially in altcoin and perpetual futures.

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