Binance platform’s Bitcoin open interest increases by about $600 million

PANews March 24th news, according to CoinDesk, Binance's open interest has increased by about 7,000 BTC ($614.6 million) since early Asian trading, according to CoinDesk. An open position is the number of contracts that are active or open for a specific time. In addition, Binance's capital rates have remained positive, indicating that investors are biased towards leveraged bullish (long) bets. The upward trend is confirmed by the increase in open positions and the rise in prices.