Bitcoin contracts now have a value of $26.1 billion. Ethereum contracts, on the other hand, are valued at $11.45 billion.
Data from CoinGlass Shows that the cryptocurrency markets have reached a milestone. Contract holdings on Bitcoin exchanges (BTCEthereum (ETH() Reaching unprecedented levels.
Binance has surpassed $3.8 billion in ETH contracts, a record. The distribution of contracts across exchanges reveals that major platforms are a large concentration.
BTC is the Chicago Mercantile Exchange.CMECME and Binance lead the pack, with CME owning 137.20K BTC, worth $7.79 billion. Binance holds 109.73K BTC, worth $6.24billion, or 24.04%.
ETH is also a market that has a similar structure. Binance Bybit holds $2.07 billion, and OKX $1.59 billion.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news