XRP Futures Smash $235M in One Day on CME—$1.6B Volume Signals Escalating Demand
2025-07-16 01:38:27
Main Idea
XRP futures on CME reached a record daily volume of $235 million, with total volume surpassing $1.6 billion, reflecting growing global demand for regulated crypto exposure.
Key Points
1. CME’s XRP and Micro XRP futures hit a daily record of $235 million in notional volume on July 11, with total volume exceeding $1.6 billion since launch.
2. The July 11 session saw over 9,100 contracts traded, equivalent to more than 82 million XRP, with Micro XRP contracts reaching their highest daily volume.
3. 45% of XRP futures volume originates from outside North America, highlighting strong global interest.
4. Asset manager 3IQ reported its XRP ETF (XRPQ) surpassed $50 million in assets under management, indicating a shift toward regulated XRP investments.
5. CME offers cash-settled XRP futures contracts tied to its XRP-Dollar Reference Rate, providing regulated exposure without the need for digital wallets.
Description
XRP futures are smashing records as surging global demand propels CME volumes past $1.6 billion, fueling momentum for regulated crypto growth worldwide. CME XRP Futures Break $235M in Daily Volume, Global Interest Skyrockets CME’s XRP and Micro XRP futures hit a new daily record on July 11, reaching over $235 million in notional trading volume,
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