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CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes

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CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes

Behind the move is a sharp narrowing in the profitability of the basis trade, in which traders attempt to capture a spread by buying spot bitcoin while selling BTC futures.


Original Article: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

This article was originally published on CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data and has been curated for our readers.