XRP futures from CME Group have reached record levels of open interest, becoming the fastest product in its category to surpass $1 billion.
Record Open Interest in XRP Futures
According to CME Group, XRP futures are the fastest to reach $1 billion in open interest. This milestone was achieved shortly after the product was introduced in May.
Overall Statistics for Cryptocurrency Futures
CME's cryptocurrency futures have now surpassed a total of $30 billion in open interest. For comparison, open interest for Bitcoin futures stands at $16 billion, while Ethereum's is at $10.5 billion.
Price Fluctuations of XRP
Amid the record-breaking futures, XRP's price continues to struggle, having fallen more than 2% over the last 24 hours. On Tuesday morning, the token dipped below the $2.9 level, reaching an intraday low of $2.84.
In summary, the new record open interest in XRP futures highlights the growing maturity of the cryptocurrency market, despite current price fluctuations.
