Cryptocurrency exchange contract holdings hit record highs

By Bralon Hill

February 27, 2024 at 6:27 pm

Edited by Brian Stone

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Cryptocurrency exchange contract holdings hit record highs

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Bitcoin contract holdings are now valued at $26.1 billion, while Ethereum contracts have climbed to $11.45 billion.

Data from CoinGlass shows that cryptocurrency markets have hit a new milestone, with contract holdings on exchanges for Bitcoin (BTC) and Ethereum (ETH) reaching unprecedented levels.

Binance’s ETH contract holdings have surged past $3.8 billion, setting a new record. The distribution of contract holdings across various exchanges reveals a significant concentration in major platforms.

CME #Bitcoin open interest hit a record high of $7.75billion.

👉https://t.co/b1RbJ1A35P pic.twitter.com/E2Hpn7ySnL
— CoinGlass (@coinglass_com) February 27, 2024

For BTC, the Chicago Mercantile Exchange (CME) and Binance are leading, with CME holding 137.20K BTC valued at $7.79 billion, 30.02% of the total, and Binance holding 109.73K BTC worth $6.24 billion, 24.04% of the total.

Cryptocurrency exchange contract holdings hit record highs - 1

Similarly, in the ETH market, Binance dominates with 1.15 million ETH valued at $3.74 billion with 33.19% of the total, followed by Bybit holding $2.07 billion and OKX with $1.59 billion.