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What Are Crypto Derivatives? (Perpetual, Futures Contract Explained)Diversified traders have held % of long open interest over the lifetime of the. CME BTC contract. Short open interest for this group has. A distributed contract is a method of using Bitcoin to form agreements with people via the block chain. Contracts don't make anything. BTC.1 | A complete Bitcoin (CME) Front Month futures overview by MarketWatch Eurodollar 3 Month Continuous Contract, $, , %. 2-Year U.S.