Cryptocurrency Exchange Contract Holdings Reach All-Time Highs

Cryptocurrency Exchange Contract Holdings Reach All-Time Highs

According to data from CoinGlass, cryptocurrency markets have achieved a significant milestone as contract holdings for Bitcoin (BTC) and Ethereum (ETH) on exchanges have soared to unprecedented levels. Bitcoin contract holdings now stand at a staggering $26.1 billion, while Ethereum contracts have surged to $11.45 billion.

The latest figures show that Binance’s Ethereum contract holdings have skyrocketed past $3.8 billion, marking a new record in the crypto space. Analysis of contract holdings distribution across exchanges highlights a notable concentration in major platforms.

In the Bitcoin market, the Chicago Mercantile Exchange (CME) and Binance emerge as frontrunners, with CME holding 137.20K BTC valued at $7.79 billion, accounting for 30.02% of the total, and Binance securing 109.73K BTC worth $6.24 billion, representing 24.04% of the total.

Similarly, in the Ethereum market, Binance dominates with 1.15 million ETH valued at $3.74 billion, capturing 33.19% of the total. This is followed by Bybit, holding contracts worth $2.07 billion, and OKX with holdings totaling $1.59 billion.

The surge in contract holdings underscores the growing interest and investment in cryptocurrencies, reflecting a bullish sentiment among traders and investors worldwide.

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