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CME Exchange Sees Record XRP Futures Open Interest Amid Surging Institutional Demand
CME Exchange Sees Record XRP Futures Open Interest Amid Surging Institutional Demand
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CME exchange News - XRP futures open interest on CME Group has reached an all-time high, with over 6,000 contracts recorded on August 18. This milestone, achieved just three months after launch, reflects growing institutional conviction in the altcoin. Trading volume for these derivatives has reached $9.02 billion since May, including a single-day record of $235 million in July. The derivatives market shows heightened activity, with XRP's overall trading volume jumping 142% to $16.46 billion and open interest rising 8% to $8 billion. Such institutional participation traditionally precedes price movements, suggesting potential upside for XRP.
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