Ethereum

Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>While <a href="https://cryptoslate.com/insights/record-breaking-open-interest-on-cme-shows-growing-market-activity/">CME</a> 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.</p> 
<p>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.</p> 
<figure id="attachment_376279" aria-describedby="caption-attachment-376279" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-376279 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/ETH-2.png" alt="ETH Futures Open Interest: (Source: Coinglass)" width="1046" height="374" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/ETH-2.png 1046w, https://cryptoslate.com/wp-content/uploads/2023/11/ETH-2-300x107.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/ETH-2-1024x366.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/ETH-2-768x275.png 768w" sizes="(max-width: 1046px) 100vw, 1046px">
 <figcaption id="caption-attachment-376279" class="wp-caption-text">
  ETH Futures Open Interest: (Source: Coinglass)
 </figcaption>
</figure> 
<p>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.</p> 
<figure id="attachment_376278" aria-describedby="caption-attachment-376278" style="width: 100%" class="wp-caption aligncenter">
 <figcaption id="caption-attachment-376278" class="wp-caption-text">
  Futures Open Interest ETH: (Source: CME)
 </figcaption>
</figure> 
<p>The post <a href="https://cryptoslate.com/insights/ethereum-open-interest-nears-record-high-on-cme-following-21-surge/">Ethereum open interest nears record high on CME following 21% surge</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

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

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