Data: Binance, Bitget, and Lighter Account for Approximately 81% of SPY's Total Network Open Interest

According to CoinGlass data, the total network open interest for SPY (SPDR S&P 500 ETF) futures contracts has reached $47.4812 million. The data shows that the liquidity of this asset is primarily concentrated on leading trading platforms, with Binance, Bitget, and Lighter ranking in the top three by open interest. Their respective shares are 35.93% ($17.0609 million), 34.98% ($16.6127 million), and 10.57% ($5.02 million), together accounting for approximately 81.48% of the market share.