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

Markets, Bitcoin News, CME, Futures, News 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. 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. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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