Binance leads the market with 30% Bitcoin OI and 31% Ethereum OI, valued at $9.8 billion and $5.1 billion respectively.
Open interest on Binance surges with rising Bitcoin and Ethereum prices, underscoring traders' reliance on the platform.
Bybit and Gate.io show strong OI but trail behind Binance in the Bitcoin and Ethereum futures markets.
Binance maintains its dominance in the cryptocurrency marketplace, with significant market shares in both Bitcoin and Ethereum futures. It offers low fees, quick execution, and large leverage, further enhancing traders' trust in the platform.