LBank Labs ranks 4th in daily crypto futures open interest

Global cryptocurrency exchange LBank Labs has joined the top four exchanges in 24-hour crypto futures open interest (OI), reaching approximately $8 billion, according to CoinGecko. The current OI rankings for major exchanges are led by Binance (approx. $20.7 billion), Bybit (approx. $10.3 billion), and Gate.io (approx. $9.84 billion), with OKX at approximately $6.59 billion. In a statement, LBank Labs noted that the increase in OI was particularly noticeable for major assets such as BTC, ETH, and SOL. The platform currently has approximately $367 million in open interest for BTC futures, with SOL and ETH at $228 million and $130 million, respectively. The exchange also observed a trend of crypto platforms supporting derivatives for traditional financial assets like precious metals and stocks, which it believes is supplying new liquidity to the futures market.