Binance Open Interest Break New Record, BNB Price To Rally?

Binance cryptocurrency exchange reached a new all-time high in open interest, surpassing $8.3 billion in crypto derivatives. This surge in activity coincides with a sharp increase in Bitcoin prices, which recently hit a historic high following Donald Trump win in the U.S. presidential election. Blockchain analyst Burak Kesmeci noted that Binance now accounts for 35% of the global open interest on crypto futures, further establishing the exchange’s dominance in the market.