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5h ago

CME XRP Futures Set Open-Interest Record as Three-Month Volume Tops $9 Billion

Prediction markets now assign higher odds to a spot ETF, reflecting growing institutional appetite for regulated exposure.

CME XRP Futures hit $9B – Will spot ETF approval flip the 23% slide?
Xrp futures on cme break records with all time high open interest surge

Overview

  • Open interest on CME XRP futures surpassed 6,000 contracts on August 18, a record the exchange highlighted publicly on August 21.
  • Over the past three months, CME reported more than 251,000 XRP futures contracts traded with about $9.02 billion in notional value, and average daily volume of $143.2 million.
  • Polymarket places the probability of a 2025 XRP spot ETF approval at 78%, with the contract drawing more than $144,000 in wagers.
  • Coinglass data show roughly $7.52 billion in global XRP derivatives volume and about $7.50 billion in open interest, while CME ranks fourth by futures activity behind Bybit, Binance and Bitget, according to AMBCrypto.
  • Despite CME’s milestone, aggregate XRP futures open interest across exchanges fell to about $7.3 billion on August 22, with the token’s price down roughly 23% from $3.6 to $2.8, AMBCrypto reported.