CME XRP futures reached $ 1.6 billion of trading volume star-news.press/wp

CME has announced that the future of XRP and Micro XRP has reached a large milestone. On July 11, more than $ 235 million of these futures were traded in one day. This traditional cumulative folder has taken since its establishment to exceed $ 1.6 billion.

High institutional interest in CME XRP futures shown in standard trading sizes

The request shows a popular increase in these products. Notice the exchange in X post Micro XRP futures recorded the highest daily trading size ever.

On July 11 alone, CME stated that more than 9100 future contracts were exchanged. Such contracts represent more than 82 million XRP icons.

There was a distinguished gathering in the trading volume of both XRP Futures products on July 11. Standard XRP future The volume of 1,245 contracts and open interest was 1,258 nodes.

Since the folder reached a record number 7,869 contracts on Micro XRP futures, there was an increasing open interest to 2415. The clear collapse of this height shows a huge demand by institutional players and retail market.

Trading volumes determine all previous records, which means that these future products offered by CME have become an essential component in the market. While the demand for retail sale is stable, institutional investors have become more interested in XRP Futures. The CME group recently described XRP as one of the most monitored encryption assets in its market since launch.

CME offers for these players allow these players to be exposed to price while managing risk. Since more traders are looking for organized products, exchanges such as CME expand encryption offers with these XRP Futures products.

XRP continues to get a wider appeal

The strong daily performance of XRP shows that attention is not limited to Bitcoin or Ethereum. Other main assets like XRP are also an increasing institutional traction. The Stock Exchange said it is still committed to providing safe and organized access to digital assets.

Rising numbers show that the market responds. Last month, Robinhood added these CME Micro’s future futures to its platform. This step gave that low -risk retail traders to encryption derivatives using simplified tools.

<!–

Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks (Updated)

Top 10 Web3 Games To Explore In 2023; Here List

–>

pee

Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)

<!–

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

–>

Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

AD disclosure: This site may feature content with care and subsidiary links. All ads are clearly marked, and advertising partners have no effect on our editing content.

<!–

Crypto Stories

View all

5 Important Highlights from the Recent Fed Meeting

ChatGPT’s Next Big Upgrade: What You Need to Know

5 Reasons behind Mega Bank’s 2024 Ethereum Price Prediction

–>