CoinGlass data shows that CME surpassed Bybit to become the second largest Bitcoin futures trading platform on August 17, with open Bitcoin contracts of $2.24 billion. It is worth noting that CME specifically offers monthly contracts, which is different from the perpetual or inverse swap contracts that are the largest traded products on crypto exchanges. In addition, CME contracts are always settled in cash, while crypto exchanges offer contracts based on stablecoins and BTC. These differences have led to differences in open contracts between CME and crypto exchanges.
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