Brad Garlinghouse, CEO of Ripple, has taken to X to commemorate the record-breaking achievement of CME Group’s native cryptocurrency, XRP. The company recently surpassed $1 billion in open interest for its futures contracts, becoming one of the fastest to reach that milestone, according to @CMEGroup data. This notable achievement pushed XRP into the ranks of cryptocurrencies with over a billion dollars in open interest alongside Bitcoin, Ethereum, and Solana. This surge helped propel the entire digital asset market’s notional open interest past $35 billion on August 22nd, setting a new record for the space according to CME Group’s official X account. Garlinghouse’s acknowledgment of this milestone was met with discussion from community members. Crypto commentator Charley Crypto questioned why XRP’s price hasn’t made significant gains in recent weeks despite the record-breaking figures, and he urged for clarification on the status of pending XRP ETFs in the US, which are still awaiting a decision from the SEC. Another user raised questions about institutional volume on the XRP Ledger, noting impressive numbers recently while also mentioning the negligible energy consumption associated with it. Meanwhile, some others expressed confidence that demand for XRP surpasses its available supply. The post “Ripple CEO Celebrates Record-Breaking Open Interest for XRP, Sparks Debate” appears first on CryptoPotato.