50 CME*Surpassed Binance As The World’s Largest Bitcoin Futures Exchange As the demand for more regulated and secure infrastructure increased following the contagion in 2022, bitcoin’s market dynamics shifted more to the US. Bitcoin Futures Open Interest Hit a Record $4.5 Billion on the CME CME Binance FTX CME’s open interest surpassed Binance’s $5 After outpacing the CME, FTX’s for the first time. market share of open interest collapsed in late 2022. 3 2 $4 0 2 N I N OI $3 C T ns BI io l il B $ $2 $1 $0 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 *Short for Chicago Mercantile Exchange. Sources: ARK Investment Management LLC, 2024, based on data from Glassnode as of December 31, 2023. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or cryptocurrency. Past performance is not indicative of future results.