Ethereum open interest nears record high on CME following 21% surge

Quick Take

While CME retains its position as the leading exchange in terms of Bitcoin futures, the past 24 hours have witnessed a remarkable surge in Ethereum open interest.

Specifically, Ethereum open interest has escalated by 2.5%, reaching 3.59 million ETH – the most substantial level since August. This uptick signifies heightened trader interest and potentially greater liquidity.

ETH Futures Open Interest: (Source: Coinglass)
ETH Futures Open Interest: (Source: Coinglass)

More significant, however, is the open interest of Ethereum on the CME platform. In the last 24 hours alone, there has been a 21% upswing, equating to approximately 320,000 ETH. This surge brings Ethereum interest on CME tantalizingly close to its all-time high, established in November 2022.

Futures Open Interest ETH: (Source: CME)
Futures Open Interest ETH: (Source: CME)

The post Ethereum open interest nears record high on CME following 21% surge appeared first on CryptoSlate.

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