Ripple CEO Brad Garlinghouse has pointed to the rapid rise of XRP futures, acknowledging that they reached $1 billion in open interest in just over three 1 to CME Group data, he said that XRP futures contracts were the fastest-ever to achieve this 2 development reflects the growing role of XRP in the broader derivatives market, signaling a sharp increase in institutional engagement with the 3 @CMEGroup data, XRP Futures contracts were the fastest-ever (just over 3 months) to hit $1B in open interest. 0 — Brad Garlinghouse (@bgarlinghouse) September 4, 2025 CME Group Details Expanding Crypto Market CME Group reinforced these observations in its August update , emphasizing that activity across digital assets reached record 4 exchange reported $36 billion in open interest for crypto futures and options on August 5 the same time, 1,006 large open interest holders were recorded, showing a significant presence of institutional 6 futures were first introduced on May 19 , 2025, with the first block trade executed a day earlier and cleared by Hidden 7 launch attracted immediate activity, with day-one notional volume surpassing $19 8 the first month, trading volume rose to more than $500 million , over 24,600 contracts were traded, and open interest reached about $70 million, setting the stage for the rapid growth that 9 August, XRP futures had established themselves among the fastest-growing contracts on 10 futures, along with Solana and Micro Ether contracts, hit all-time highs in open 11 noted that institutional activity is no longer limited to Bitcoin , as demand has broadened into a wider set of digital 12 diversification indicates that market participants are exploring alternatives that offer distinct use cases and liquidity 13 Performance Across Assets Bitcoin futures and options accounted for $168.9 billion in volume, while Ether contracts registered $127.4 14 futures contributed $9.2 billion, and XRP futures reached $8.1 billion.
Together, these volumes drove the total crypto futures and options suite to $313.8 billion, setting a new 15 also noted milestone price levels for major cryptocurrencies, with Bitcoin reaching an all-time high of $124,000 and Ether hitting $4,900. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Renewed Focus on XRP Garlinghouse’s remarks highlight how XRP has become a central part of this 16 speed with which XRP futures reached $1 billion in open interest shows the asset’s appeal among professional 17 data suggests that XRP is not only gaining traction in traditional spot markets but is also carving out a stronger presence in derivatives 18 futures activity at historic levels and open interest building at a record pace, XRP continues to establish itself as a leading digital asset for institutional 19 : This content is meant to inform and should not be considered financial 20 views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s 21 are advised to conduct thorough research before making any investment 22 action taken by the reader is strictly at their own 23 Tabloid is not responsible for any financial 24 us on X , Facebook , Telegram , and Google News
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