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BNB Futures Open Interest Hits Record $3.06 Billion, Coinglass Reports

BNB Futures Open Interest Hits Record $3.06 Billion, Coinglass Reports

BNB futures open interest has reached a historic high exceeding $3.06 billion, with Binance and Bybit leading the surge amid intensified derivatives trading activity.

BNB

Summary

BNB futures open interest has climbed to an all-time high of 2.3754 million BNB, valued at over $3.061 billion, marking a 13.71% increase in the past 24 hours. Binance holds 1.0476 million BNB worth $1.351 billion, while Bybit accounts for 0.2474 million BNB valued at $2.474 billion. The surge highlights growing demand and heightened activity in BNB derivatives across major exchanges.

Terms & Concepts
  • Open Interest: The total number of outstanding derivative contracts, such as futures, that have not been settled.
  • BNB Futures: Derivative contracts that track the value of Binance Coin (BNB), allowing traders to speculate on its price movements.
  • Coinglass: A cryptocurrency analytics platform providing data on metrics such as open interest, liquidations, and trading volumes.