By: Eva Baxter
The Ethereum scaling network Ronin has announced the addition of several games after successfully listing their tokens on Binance. This comes in the wake of interesting developments in the crypto market, as Binance has overtaken the Chicago Mercantile Exchange (CME) in terms of Bitcoin futures open interest.
According to latest updates, the total funds allocated in the futures contracts on Binance and CME are approximately 105,000 BTC and 101,000 BTC, respectively. Further, Binance's market dominance is now close to 30% with the aggregate open interest showing a downward trend that rests under 400,000 Bitcoins.
Following the approval of the Bitcoin exchange-traded fund (ETF), investors are seen shifting from futures such as BITO to cheaper spot Bitcoin ETF products. This strategic shift has led to a significant 30% decline in futures open interest on the CME platform.
© BlockBriefly. All Rights Reserved.