XRP Futures Set CME Speed Record—Ahead Of BTC And ETH

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CME Group said late Monday that its crypto futures complex topped $30 billion in notional open interest for the first time, with a duo of products—SOL and XRP futures—each crossing $1 billion in open interest. In the same post, CME underscored that XRP futures were the “fastest-ever” contract on the venue to clear the $1 billion mark, doing so in just over three months—meaning faster than the exchange’s long-standing bitcoin and ether listings.

XRP Outpaces BTC And ETH

The acceleration is measurable. Four days earlier, CME flagged “a new record for XRP futures,” noting an all-time high in open interest of more than 6,000 contracts on August 18 and publishing a three-month recap: 251,000-plus contracts traded, $9.02 billion in notional volume (about $143.2 million ADV), and roughly 12.0 million tokens equivalent. Those figures, dated as of August 18, suggest sustained participation rather than a single-session spike.

Timing helps explain the velocity. CME announced on April 24 that XRP futures would launch on May 19, in both a standard 50,000 token contract and a micro 2,500 token contract, cash-settled to the once-a-day CME Reference Rate at 4:00 p.m. London. From first trade on May 19 to the $1 billion open-interest milestone on August 25 is roughly 98 days—“just over 3 months,” in CME’s words. The dual-size design broadens the addressable base, while the cash-settled structure and CF benchmarks align with the risk-management framework institutions already use for BTC and ETH on the venue.

CME framed the $30 billion complex-wide figure as “a huge sign of market maturity” and “new capital entering the market,” language that tracks with the open-interest step-up seen across multiple contracts. Within that context, pace matters: being the fastest CME crypto futures contract to $1 billion OI implies that regulated demand for XRP exposure—hedging, basis

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Author: Jake Simmons

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