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

Quick Take

While CME 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.

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.

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.

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