In recent days, XRP has captured attention by reaching $1 billion in open interest on CME, becoming the first crypto contract to achieve this milestone in such a short time.
XRP Becomes Fastest Crypto Contract
According to CME Group, XRP futures have become the fastest crypto contract to surpass $1 billion in open interest. CME launched XRP futures on May 19, 2025, and by August 25, the open interest crossed the $1 billion threshold. XRP now joins Bitcoin, Ethereum, and Solana in the club of tokens with over $1 billion in open interest.
CME's Total Open Interest Hits Record
In August, total open interest across all CME crypto futures reached a record $36 billion. On August 22, this marked the first instance of total notional open interest surpassing $35 billion, confirming rising institutional interest in the cryptocurrency market.
Community Reactions to Price Stagnation
Community reactions to the XRP news have been mixed. Some market participants noted the strong institutional interest, while others expressed concerns regarding the lack of significant price movements for XRP. Overall sentiments of support and skepticism have influenced the current discourse within the crypto community.
XRP's achievement opens new avenues for institutional investment in cryptocurrencies, yet it raises ongoing questions regarding price movements and delays in U.S. ETF approvals.
