XRP Sees Explosive Futures Activity on CME, Price Rally Next?

image

Amid the broad crypto market rebound, XRP derivative products on a leading crypto derivatives exchange have experienced impressive growth amid heightened demand from investors.

On Thursday, October 23, the exchange shared notable milestones achieved through its XRP futures offerings, which were launched five months ago. The surge marks a significant rise in demand for the exchange’s crypto derivatives products tied to XRP.

XRP crushes $29.6 billion milestone

According to data shared by the exchange, it has recorded over 567,000 XRP and Micro XRP futures contracts traded on its derivatives market over the past five months. Notably, this massive contract volume has helped achieve record crypto volumes, driven largely by the launch of XRP futures in May.

The data further revealed that the total amount of XRP-based futures contracts represents a notional volume of $26.9 billion, equivalent to around 9 billion XRP traded on the platform.

The exchange emphasized that these impressive figures reflect a growing appetite among professional investors for exposure to regulated XRP-based derivative products.

Options on XRP futures go live

Following the strong performance of its XRP futures, the exchange has confirmed that options on XRP futures are now live.

While the launch of XRP futures options has long been anticipated by users, it now provides traders and institutions with the opportunity to utilize more sophisticated tools to hedge or speculate on XRP’s price — all with the transparency and regulatory safeguards of a U.S.-based exchange.

What does this mean for XRP?

With the exchange disclosing plans to offer 24/7 trading of crypto futures and options starting early next year, the demand for XRP-based products is expected to reach unprecedented levels — potentially positioning XRP for a major rally.

The move will provide institutional investors more avenues and extended trading hours to access both existing and newly launched options contracts tied to XRP.

Notably, this development positions XRP for a significant boost in institutional adoption, potentially propelling its market price to new and unexpected levels.

XRP1.58%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)