Bybit ranks no. 2 in open interest among major crypto exchanges, leads CEXs in OI-to-volume ratio

May. 15, 2026

Dubai, UAE, May 15th, 2026, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, ranked second in open interest among major cryptocurrency derivatives exchanges analysed and posted the highest open interest-to-trading volume ratio among centralized exchanges, according to an analysis published by crypto media outlet ChainCatcher, which examined April 2026 CoinGlass data across nine major derivatives trading platforms.

Bybit accounted for 12.78% of total open interest among the exchanges studied.

Open interest, or OI, refers to the total value of derivatives contracts that remain open in the market. The metric is commonly used to measure sustained market participation and active capital deployment.