Coinglass has released a report for the first half of 2025. The most important data in the report was that CME’s Bitcoin (BTC) futures open position outperformed the vinance and ranked first overall.
CME surpasses Binance with Bitcoin!
According to Coinglass data, open interest in the future of Bitcoin Futures (CME) from Chicago Mercantile Exchange (CME) is outstriking the size of Binance, which is the world’s largest cryptocurrency exchange.
The report also states that Binance’s market share has been diluted and the gap between OKX, Bybit and Binance has widened.
As of June 1, public interest on CMEBTC futures reached 158,300 BTC ($16.5 billion), making it the first rank on all exchanges.
This figure marks CME for the first time above Binance’s 118,700 BTC ($12.3 billion) level.
“This milestone will skyrocket from open interest in BTC derivatives in the first half of 2025, from $600 to over $70 billion in the first half of 2025 due to large ETF inflows and institutional demand.
“Special attention should be paid to the growth of CME’s market share, a traditional exchange in the futures market.”
According to Coinglass, this change in these futures is seen as a signal that more institutions are entering the market.
Do you have any hopes for Ethereum and Altcoins?
The report also said there is a clear divergence between Bitcoin, Ethereum and altcoin.
Although it was said that the Bitcoin market dominance was strengthened in the first half of 2025, reaching 65% at the end of the second quarter, the highest level since 2021, Altcoins showed significant debilitation.
Noting that ETH and Altcoins have fallen by more than 50%, Coinglass analysts predicted that, in the short term, it is unlikely to reverse unless there is a new ecosystem development or technological breakthrough where the ETH and AltCoin markets have a strong momentum.
Noting that investors’ feelings about Altcoins remained cautious and conservative, analysts added that adding staking to the ETH Spot ETF can stimulate market risk preferences and improve overall sentiment.
*This is not investment advice.
