CME Rises to Second Place in Bitcoin Futures Market

The Chicago Mercantile Exchange (CME), known for its regulated Bitcoin futures offerings, has ascended to second place in the Bitcoin futures exchange rankings, closely trailing Binance. As of Oct. 30, CME’s open interest reached $3.58 billion, enabling it to leapfrog past Bybit and OKX, which posted open interests of $2.6 billion and $1.78 billion, respectively. Binance remains marginally ahead with $3.9 billion in open interest.

CME’s Bitcoin futures contract is pegged at five BTC, and its micro contract is set at one-tenth of a Bitcoin. Unlike traditional futures contracts, offshore exchanges primarily focus on perpetual futures. These don’t have a set expiration date and employ a funding rate method to ensure their price aligns with the market rate.

Open interest in Bitcoin encompasses the aggregate of Bitcoin futures or options contracts yet to be settled in the market. It acts as a barometer for capital allocation in Bitcoin derivatives at any moment. A surge in open interest often points to a bullish market sentiment, while a decrease can imply bearish trends.

This uptick in CME’s open interest not only cemented its position as the second-largest futures crypto exchange but also witnessed its cash-settled futures contracts surpass a volume of 100,000 BTC. With traders demonstrating amplified interest in the Bitcoin futures landscape, CME now boasts a 25% market share in this domain.

The predominant investments in CME futures are seen via standard futures contracts. This trend hints at growing institutional participation, particularly as Bitcoin experienced a significant rise in October, soaring to a one-year peak above $35,000.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

Move Your Mouse Over Charts Below For More Information

Our Discord

Join Our Crypto Trader & Investor Chatrooms by clicking here!

Please DM us with your email address if you are a full OMNIA member and want to be given full Discord privileges.