The CME-listed futures tied to XRP$2.6270 and Solana SOL$195.56 saw record open interest Monday in a sign of consistent demand for regulated products. The global derivatives giant saw a record 9,900 XRP and micro XRP active contracts Monday, alongside 15,600 open positions in standard and micro SOL futures. Taken together, these contracts equated to a notional open interest of $3 billion. This milestone reflects the increasing adoption of regulated futures as a preferred venue for investors seeking exposure to digital assets, manage risks, and capitalizing on the growing crypto market, as Tim McCourt, the exchange’s Global Head of Equity & FX Products, said during the Token2049 conference in Dubai. The standard Solana futures contract, sized at 500 SOL, went live in March and crossed the $1 billion notional open interest mark in August. Futures tied to the payments-focused XRP crossed that threshold in August, just three months after their debut.
XRP Price Analysis: is Ripple About to Surge Above $3 or fall to $2 This Week?
40 min ago
Adapt chosen as first project on new Sui AI launchpad
40 min ago
Virtuals Protocol price prediction: Will VIRTUAL flip $2?
42 min ago
Bitcoin price hit $116k but warning signs suggest a bull trap in play
43 min ago
Chainlink Powers HKMA’s e-HKD Phase 2 Pilot with ANZ, China AMC, and Fidelity International
43 min ago
US stocks surge as Nvidia becomes first company to hit $5 trillion valuation
44 min ago