EddieJayonCrypto
26 Aug 25
CME Group reported that XRP futures became the fastest to surpass $1 billion in open interest, following a record high in contract numbers since their launch in May. CME's cryptocurrency futures collectively exceeded $30 billion in open interest, with Bitcoin and Ethereum futures at $16 billion and ...
According to Chicago-based trading giant CME Group, XRP futures have become the fastest ever to surpass $1 billion in open interest (OI), marking a significant milestone in cryptocurrency trading. This achievement comes shortly after XRP futures also hit a new record high in the number of contracts, underscoring their growing popularity since CME introduced them in May, following the launch of Solana-based futures.
CME’s cryptocurrency futures collectively surpassed $30 billion in open interest for the first time, with Bitcoin and Ethereum futures accounting for $16 billion and $10.5 billion respectively. Since introducing regulated Bitcoin futures in late 2017, CME has rapidly established itself as a leading force in the crypto market, and this latest surge in XRP’s open interest signals a notable maturation of the marketplace.
However, despite this surge in trading activity, XRP’s price remains volatile amid a broader cryptocurrency market correction. Over the past 24 hours, XRP has dropped more than 2%, slipping below the $2.90 mark and hitting an intraday low of $2.84 earlier this Tuesday. This price wobble highlights the ongoing challenges tokens face even as institutional interest intensifies.