Brent crude futures open interest hits $319M, with 88% on three exchanges
- —Total BZ open interest stands at $319 million, CoinGlass data shows
- —Binance holds $230 million, Bitget $28.6 million and OKX $23.8 million
- —Binance's position is more than 4x the combined size of Bitget and OKX
- —Brent traded near $110.02 after touching $111.99 a day earlier
Why it matters: Concentration of oil contracts on a single exchange raises liquidity and manipulation risks when Brent prices swing sharply.
Source: TokenPost