CME XRP Futures Hit $1.6B In Total Trading Volume Since Launch

CME has announced that its XRP and Micro XRP futures have hit a major milestone. On July 11, more than $235 million worth of these futures were traded in a single day. This took the cumulative notional volume since inception to surpass $1.6 billion.

Rising Institutional Interest in CME XRP futures Shown in Record Trading Volumes

The demand demonstrates increasing popularity in these products. The exchange remarked in an X post that the Micro XRP futures recorded its highest daily trading volume ever.

On July 11 alone, CME stated that more than 9,100 futures contracts were exchanged. Such contracts represent more than 82 million XRP tokens.

There was an outstanding rally in the trading volume for both XRP futures products on July 11. The standard XRP futures had a volume of 1,245 contracts and open interest of 1,258 contracts.

As the volume reached a record 7,869 contracts on the Micro XRP futures, there was an increasing open interest to 2,415. The breakout evident in this spike shows massive demand break out by institutional and retail market players.

The trading volumes are breaking all previous records, which means these futures products offered by CME are becoming an essential component of the market. While the retail demand is stable, institutional investors are becoming more interested in the XRP futures products. The CME Group recently described XRP as one of the most watched crypto assets on its market since the launch.

CME’s structured offerings allow these players to gain price exposure while managing risk. As more traders seek regulated products, exchanges like CME are expanding crypto offerings with these XRP futures products.

XRP Continues to Gain Broader Appeal

XRP’s strong daily performance shows that interest is not limited to Bitcoin or Ethereum. Other major assets like XRP are also seeing growing institutional traction. The exchange said it remains committed to providing secure, regulated access to digital assets.

The rising numbers show that the market is responding. Last month, Robinhood added these CME micro futures for XRP and Solana to its platform. The move gave retail traders low-risk access to crypto derivatives with simplified tools.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

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