Ethereum futures open interest reaches an all-time high of $1 billion

Aggregated open interest on Ethereum futures. Source: Skew
  • Ethereum futures interest has passed $1 billion as professional traders pile in.
  • Futures interest fell below $400 million following the March crypto crash.
  • Ethereum futures interest has a long way to go before challenging Bitcoin.
  • Crypto exchange OKEx currently maintains the largest open interest at more than $290 million, with Huobi and BitMEX both also adding more than $200 million to the aggregate total
  • BTC futures open interest passed the $4 billion mark on July 21

Source: Decrypt

By Aman Gupta

Product Analyst @ Sprinklr, IIT Kanpur alumnus