CoinGlass has released its 2025 first half report. The most important data in the report was that CME’s Bitcoin (BTC) futures open position surpassed Binance and ranked first overall.
CME Surpasses Binance in Bitcoin!
The open interest size in Bitcoin futures on the Chicago Mercantile Exchange (CME) has surpassed that of Binance, which is positioned as the world’s largest cryptocurrency exchange, according to CoinGlass data.
The report also stated that Binance’s market share has been diluted, and the gap between OKX, Bybit, and Binance has widened.
As of June 1, CMEBTC futures open interest reached 158,300 BTC ($16.5 billion), ranking first among all exchanges.
With this figure, CME surpassed Binance’s 118,700 BTC ($12.3 billion) level for the first time.
“This milestone comes as open interest in BTC derivatives surges from $60 billion to over $70 billion in the first half of 2025, driven by large ETF inflows and institutional demand.
“Special attention should be paid to the growth in market share of the CME, a traditional exchange, in the futures market.”
According to CoinGlass, this shift in these futures is seen as a signal that more institutions are entering the market.
Is There Hope for Ethereum and Altcoins?
The report also stated that there is a clear divergence between Bitcoin and Ethereum and altcoins.
It was stated that Bitcoin market dominance strengthened in the first half of 2025 and reached 65% at the end of the second quarter, the highest level since 2021, but altcoins showed significant weakness.
Noting that ETH and altcoins have fallen by more than 50%, CoinGlass analysts predicted that in the short term, given the liquidity constraints at the macro level, it is unlikely that the weak momentum in the ETH and altcoin markets will reverse unless there are strong new ecosystem developments or technological breakthroughs.
Noting that investor sentiment towards altcoins remains cautious and conservative, analysts added that the addition of staking to ETH spot ETFs could revitalize market risk appetite and improve overall sentiment.
*This is not investment advice.
