A new era has begun for Ripple, which has triumphed in its legal battle with the SEC. Trying to shake off the dust of the past, XRP has set a new record. Accordingly, XRP showed an unexpected performance in open positions on the Chicago Mercantile Exchange (CME) in a short time and broke a record. According to data, XRP futures reached $1 billion in open interest in just three months, making XRP the fastest contract in CME history to reach $1 billion. At this point, XRP futures have recorded their fastest growth ever, reaching this milestone in just three months. This rise indicates increasing maturity in the crypto ecosystem and new capital entering the markets. It is also noteworthy that this turning point occurred at a time when the XRP price was under selling pressure amidst the BTC correction. CME Group also noted in its post that the crypto derivatives market has reached a new milestone. CME Group announced that nominal open interest has surpassed $30 billion for the first time, demonstrating strong participation from both institutional and individual investors. “Our crypto futures suite has surpassed $30 billion in nominal open interest for the first time. Our SOL and XRP futures contracts, as well as our ETH options, each exceeded $1 billion in OI. XRP became the fastest contract to achieve this, reaching this goal in just 3 months. This is a great sign that the market is maturing, with new capital entering the market.” Among these, Bitcoin (BTC) futures remain the largest futures product, trading over $16 billion, while Ethereum (ETH) has $10.5 billion in open interest. Solana (SOL) and XRP have both surpassed $1 billion, but the pace at which XRP reached that target has captured the industry's attention. Despite this turning point in the derivatives market, XRP is struggling to hold above $3. With the recent correction, the price remains at $2.9. *This is not investment advice. Continue Reading: XRP Makes History! XRP Breaks CME Record in Just Three Months! Here Are the Details…
