CME's XRP Futures Set Amazing Records Again

CME's regulated XRP futures have once again set an impressive record

According to the Chicago-based trading giant CME Group, the open interest (OI) of XRP futures has broken through $1 billion at the fastest rate ever. Not long ago, the number of contracts for this hot product also reached a new high. According to U.Today, this trading giant launched XRP futures in May after launching Solana-based futures.

The total open interest in cryptocurrency futures at the Chicago Mercantile Exchange (CME) has now surpassed $30 billion for the first time.

The open interest for the two largest cryptocurrencies, Bitcoin and Ethereum, reached $16 billion and $10.5 billion, respectively. Since the launch of regulated Bitcoin futures at the end of 2017, CME has become a major player in the cryptocurrency market. This Chicago-based trading giant stated that the new record in open interest should be seen as a “huge sign” of market maturity.

Meanwhile, amid broader adjustments in the cryptocurrency market, XRP prices continue to struggle. The token has dropped more than 2% in the past 24 hours. Earlier this Tuesday, it fell below the $2.9 level again, hitting a low of $2.84 during the day.