Notional open interest on CME has risen to $3.54 billion, the second-highest among exchanges offering trading in standard bitcoin and perpetual futures.The regulated Chicago Mercantile Exchange is climbing ranks on the list of largest bitcoin futures and perpetual futures exchanges by open interest in a moveWith a notional open interest of $3.
CME’s standard bitcoin futures contract is equivalent to 5 BTC, while the micro contract is sized at one-tenth of 1 BTC. The standard ether futures have a contract size of 50 ETH, while micro futures are equivalent to one-tenth of 1 ETH. Most open interest in offshore exchanges is concentrated in perpetual futures rather than traditional futures contracts. Perpetuals are futures with no expiry and use the funding rate mechanism to keep perpetuals in sync with the spot price.