Catenaa, Thursday, August 28, 2025- XRP futures on CME Group surpassed $1 billion in open interest, becoming the fastest crypto contract to reach the milestone three months after its May launch, highlighting rising institutional appetite for regulated digital assets.
CME said its wider crypto futures suite has now exceeded $30 billion in notional open interest.
Both Solana and XRP futures crossed $1 billion, but XRP reached the level at record speed, attracting attention from funds and corporate trading desks. Analysts say the milestone indicates growing liquidity and maturity in crypto derivatives.
Since launch, CME’s XRP futures have traded more than 251,000 contracts, totaling $9.02 billion in notional volume.
The regulated contracts, settled to the CME CF XRP-Dollar Reference Rate under CFTC oversight, have drawn institutional demand. Technical analysis shows XRP may retest $2.60 to $2.00, though a move above $3.10 could target $3.40.
The milestone has renewed discussions on potential spot XRP ETFs, with applications pending from Grayscale, Bitwise, and 21Shares. Broader crypto markets strengthened as Federal Reserve rate cut signals fueled risk appetite.
Other altcoins, including Shiba Inu and Cardano, saw short-term gains, though analysts note momentum will depend on Bitcoin’s performance and wider macro conditions.
