Cryptocurrency markets witness unprecedented contract holdings for Bitcoin and Ethereum, with Binance leading in ETH contracts and CME dominating BTC contracts.
The total value of Bitcoin contract holdings has reached $26.1 billion, while Ethereum contracts have surged to $11.45 billion, according to recent data. CoinGlass data indicates that cryptocurrency markets have achieved a significant milestone, with contract holdings for Bitcoin (BTC) and Ethereum (ETH) on exchanges hitting unprecedented levels.
Binance has set a new record with its ETH contract holdings surpassing $3.8 billion. The distribution of contract holdings across different exchanges reveals a notable concentration on major platforms.
In the BTC market, the Chicago Mercantile Exchange (CME) and Binance lead the way, 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).
Similarly, in the ETH market, Binance dominates with 1.15 million ETH valued at $3.74 billion, accounting for 33.19% of the total, followed by Bybit with $2.07 billion and OKX with $1.59 billion.