XRP Shatters Records: Fastest CME Futures Contract to Hit $1B Open Interest
XRP just bulldozed through another milestone—becoming the fastest CME futures contract to hit $1 billion in open interest. Traders are piling in, signaling massive institutional confidence despite regulatory headwinds.
Why This Matters
Open interest hitting $1 billion this quickly isn’t just a number—it’s a statement. XRP’s liquidity and market depth are attracting serious players, bypassing slower-moving assets that still rely on retail hype.
Market Momentum Builds
The surge reflects growing belief in XRP’s utility—cross-border settlements, banking integrations, and now, futures dominance. No other contract on CME has raced to this level so fast, cutting through noise like a hot knife through butter.
But Let’s Be Real
Sure, Wall Street loves a record—until the next shiny thing distracts them. For now, XRP’s sprint to $1 billion proves crypto’s here to stay, even if traditional finance still can’t decide whether to regulate it or ridicule it.
The crypto derivatives market has hit a new milestone. CME Group announced that its notional open interest has surpassed $30 billion for the first time, showing strong participation from both institutional and retail traders.
Read on to know who the ‘big’ winners are.
XRP and SOL Futures See Record Demand
CME confirmed that SOL and XRP futures, along with ETH options, each crossed $1 billion in open interest, with XRP futures achieving the fastest growth yet, reaching the milestone in just over three months.
The rise indicates increasing maturity in the crypto ecosystem with new capital entering the markets.
Our Crypto futures suite just surpassed $30B in notional open interest for the first time ever.
Our SOL and XRP futures, along with ETH options, each crossed $1B in OI, with XRP being the fastest-ever contract to do so, hitting the mark in just over 3 months.
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Attorney Bill Morgan also highlighted the milestone, noting that XRP is the fastest CME futures contract to surpass $1B in open interest. CME’s XRP and Micro XRP futures have seen 251K contracts traded in three months, with a trading volume of $9.02 billion, and $12 million in their XRP equivalent.
Momentum has been strong. On August 18th, open interest reached a new all-time high of over 6,000 contracts. In July, XRP futures hit a single-day record of $235 million traded, reflecting strong demand and growing interest from TradFi investors.
Expansion of Crypto Futures
The CME Group recently launched SOL and XRP futures, in both standard and micro sizes, expanding its Bitcoin and Ether derivatives suite. This gives both institutional and retail investors more ways to participate in the growing crypto market.
Meanwhile, Bitcoin and ethereum now have $16 billion and $10.5 billion in open interest, respectively. The CME Group also reported that Treasury futures open interest has surpassed 24 million contracts for the first time.
Gemini Introduces XRP Rewards Credit Card
In a latest develoment, Gemini has launched an XRP rewards credit card in partnership with Ripple, offering up to 4% cashback in XRP on select purchases. It is also expanding the use of Ripple USD (RLUSD) to customers in the United States.
Meet the Gemini Credit Card, XRP edition.
Designed for enthusiasts, this limited edition metal card gives up to 4% back in XRP instantly. No waiting, just stacking.
Available now
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Meanwhile, XRP is currently trading at $2.92, down 0.8% in the last 24 hours amid a broader market downturn. According to data from Coinglass, XRP futures open interest is currently over $7 billion, down over 3% in the last 24 hours.
