CME: XRP and SOL Futures 'Spiked' in July
Main Idea
CME Group reported record-breaking trading volumes for Solana (SOL) and XRP futures in July, with significant year-over-year growth in crypto product activity.
Key Points
1. CME Group stated that July was a record-breaking month for crypto, with SOL and XRP futures generating $6.5 billion and $6 billion in trading volume, respectively.
2. The overall crypto sector saw a 140% year-over-year increase in trading volume for CME's crypto products.
3. Average daily volume for CME's cryptocurrency futures and options reached 190,000 contracts in Q2.
4. Ethereum (ETH) also saw heightened interest and trading volume, though it did not set a new record high.
5. The Ether/Bitcoin ratio rebounded after months of decline.
Description
CME says that July was a record-breaking month for crypto
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