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Cryptocurrency exchange contract holdings hit record highs

February 27, 2024
Reading Time: 2 mins read
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Bitcoin contract holdings are actually valued at $26.1 billion, whereas Ethereum contracts have climbed to $11.45 billion.

Information from CoinGlass reveals that cryptocurrency markets have hit a brand new milestone, with contract holdings on exchanges for Bitcoin (BTC) and Ethereum (ETH) reaching unprecedented ranges.

Binance’s ETH contract holdings have surged previous $3.8 billion, setting a brand new file. The distribution of contract holdings throughout varied exchanges reveals a major focus in main platforms.

For BTC, the Chicago Mercantile Change (CME) and Binance are main, with CME holding 137.20K BTC valued at $7.79 billion, 30.02% of the overall, and Binance holding 109.73K BTC price $6.24 billion, 24.04% of the overall.

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Cryptocurrency exchange contract holdings hit record highs - 1

Equally, within the ETH market, Binance dominates with 1.15 million ETH valued at $3.74 billion with 33.19% of the overall, adopted by Bybit holding $2.07 billion and OKX with $1.59 billion.


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