Summary
- At the Chicago Mercantile Exchange (CME), the trading volume of XRP futures reached an all-time high.
- CME Active Trader indicated that this surge in trading volume shows a rapid increase in demand for XRP futures products.
- The outlet reported that CME derivatives trading volume is a key indicator of institutional interest and that the XRP futures market is growing rapidly.
On the 18th (local time), the trading volume of XRP futures on the Chicago Mercantile Exchange (CME) hit an all-time high.
According to CoinDesk on the 16th (local time), last Friday, the combined trading volume of CME XRP standard futures and micro futures reached $235 million, marking the highest value ever. Since the launch of XRP futures trading on May 19 (local time), cumulative trading volume has neared $1.6 billion.
CME Active Trader commented on X, “This new all-time high demonstrates a rapid surge in demand for XRP futures products.”
The outlet stated, “CME derivatives trading volume is a key indicator of institutional interest,” and added, “The XRP futures market is growing at a very fast pace.”
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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