XRP Futures Hit $1 Billion in Open Interest, Signaling Growing Institutional Interest

CME Group has achieved a significant milestone with its XRP futures product, surpassing one billion dollars in open interest (OI) – a record-breaking pace. This follows the recent launch of Solana-based futures products which also set new highs for contract volume. Further boosting this trend, the aggregate OI across all cryptocurrency futures surpassed 30 billion dollars, marking a significant advancement in the industry’s development. The rapid growth of XRP futures is attributed to CME Group’s successful track record and the growing interest from institutional investors.