Ethereum futures open interest reaches $1.5 billion
The value of open Ethereum futures contracts has grown twice as fast as Bitcoin’s over the past six months.
The total value of outstanding Ethereum futures contracts reached a new high of $1.5 billion.
This was spurred by ETH's price finally breaking above $400.
The value of open Ethereum futures grew twice as fast as Bitcoin's since February.
he total value of outstanding Ethereum (ETH) futures contracts has reached an all-time high of $1.5 billion today, according to crypto analytics platform Skew.
Also known as open interest, this figure reflects the current total value of Ethereum futures that have not been settled yet. Futures are a form of financial derivatives where parties agree to sell/buy an asset at a specific price on a set date. Unlike options contracts, where buyers might choose to not purchase the asset, futures are contractually binding and must be settled on the expiration date