The Chicago Mercantile Exchange (CME) has moved from fourth to third in the ranking of the largest platforms for open interest in bitcoin futures.
According to Skew, at the time of writing, CME has a figure of $3.05bn, FTX has $3.07bn, while top-ranked Binance has $4.18bn.
The Chicago Mercantile Exchange with $1.54 billion ranks sixth in terms of trading activity over the past 24 hours. Leader Binance has 12.35 times that figure at $19.02 billion.
CME's improving position is helped by growing confidence among institutional investors in the SEC's approval of the bitcoin-ETF. The futures premium to the spot price on a year-over-year basis for monthly contracts exceeded that of unregulated platforms.
Recall that in August, Bloomberg experts predicted that the Commission would approve a bitcoin-ETF by the end of October.
In September, SEC head Gary Gensler confirmed that the regulator would consider applications to launch the instrument if they were based on CME futures and complied with the Investment Company Act of 1940.