Binance could lose its top spot as institutions pour $326 million into crypto investment products

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The world’s largest derivative market is now close to becoming the world’s leading Bitcoin Futures market as well, potentially replacing Binance.

Binance is facing a challenge from the CME Group as the world’s biggest Bitcoin Futures market, with a difference of just $300 million. The increase in institutional interest is one of the biggest contributors to this phenomenon, who are more prone to trade on CME exchanges. The past week registered $326 million worth of inflows into crypto products, the highest since July 2022.

Owing to the ongoing Breakpoint conference, SOL is on every investor’s watchlist, whereas Ethereum noted outflows worth $6 million in the same duration. Institutional investment inflows by asset The sudden increase in institutional investment is a sign that optimism clearly plays the most important role in determining interest, and the potential of Bitcoin ETF approval is certainly a major driving factor of said optimism.

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