The interest in XRP among professional investors is growing explosively. On Friday, no less than 235 million dollars were traded on XRP Futures on Friday. It is the highest day volume since the introduction of the product.
Institutional interest in XRP is increasing
The figures are clear. Since the launch on 19 May, XRP Futures has already been traded for $ 1.6 billion. According to CME Active Trader, who shared the data via X, “the demand for these new futures is growing rapidly”.
The CME is one of the few regulated fairs where settings can safely invest in crypto. For many professional parties, it is therefore the way to get exposure to XRP without having to keep the coin itself.
XRP Futures in demand at professionals
The standard contracts represent 50,000 XRP, the microvversion 2,500 XRP. This offers CME space for different types of investors. The sharp rise in the volume suggests that XRP is increasingly being accepted in institutional circles.
The success of Bitcoin and Ether Futures on the CME is also seen as an indicator of serious interest from funds and asset managers. That XRP now also comes in that list is significant.
Ripple wants bank and mica license
At the same time, Ripple, the company behind XRP, is working on his international ambitions. It has applied for a banking license in the US and looks at a mica license to operate in Europe. This should help to further position XRP as a bridge currency for cross -border payments.
Source: https://newsbit.nl/xrp-futures-op-cme-schieten-omhoog-recordvolume-van-235-miljoen-dollar/
