XRP Surpasses $1 Billion Open Interest: Fastest CME Futures Contract Milestone

The cryptocurrency derivatives market has achieved a significant milestone. CME Group announced that its notional open interest has surpassed $30 billion for the first time, indicating robust participation from both institutional and retail traders. This surge in trading activity is particularly notable for XRP futures, which crossed the $1 billion open interest threshold and achieved this milestone in just over three months, the fastest among all CME contracts. analysts attribute this rise to expanding decentralized finance (DeFi) applications and increasing interest from traditional financial institutions (TradFi).