Ethereum Open Interest Rises 6.70% to $37.76 Billion

ETH derivatives open interest saw a sharp 24-hour increase, with Binance, CME, and Gate remaining the top platforms by contract value.

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Summary

Ethereum (ETH) futures open interest grew 6.70% over the past 24 hours, reaching $37.76 billion, according to Coinglass data. Binance led with $7.67 billion in open interest, followed by CME at $6.49 billion and Gate at $3.70 billion, maintaining their positions as dominant platforms in the ETH derivatives market.

Terms & Concepts
  • Open Interest: The total value of outstanding derivative contracts, such as futures, that have not been settled.
  • ETH: Ticker symbol for Ethereum, a blockchain platform enabling smart contracts and decentralized applications.
  • CME: Chicago Mercantile Exchange, a major U.S. derivatives marketplace offering cryptocurrency futures and options.