XRP News Today: XRP Futures Hit Record $788M Open Interest Amid Altcoin Surge

XRP futures on the Chicago Mercantile Exchange (CME) have reached record levels in terms of trading volume and open interest, signaling a surge in institutional and retail interest in regulated cryptocurrency derivatives. On July 24, 2025, the open interest for XRP futures hit 4,766 contracts, valued at $788 million, marking a significant milestone in the development of crypto-linked financial products [1]. This follows a sustained period of growth throughout July, with micro XRP contracts alone reaching a notional volume of $126 million on July 18 and peaking at $775 million on July 23 [1].

The heightened activity in XRP futures is part of a broader trend in the altcoin sector, where market participants are seeking diversified exposure beyond Bitcoin and Ethereum. XRP’s price has reached an all-time high of approximately $3.4 on July 31, 2025, further fueling demand for structured products tied to the asset [2]. This momentum has been amplified by the introduction of nano XRP futures on Coinbase on July 30, offering U.S. traders a more accessible way to engage with the market through contracts that represent 500 XRP per contract [3]. The move underscores the growing appeal of XRP as a tradable and investable asset.

The CME has also reported record overall revenue of $1.7 billion, with a notable portion driven by its expanding suite of crypto derivatives. XRP’s inclusion in the CME’s product lineup has attracted a wide range of market participants, including ETF issuers and individual investors, reflecting the growing mainstream acceptance of digital assets [1]. The exchange emphasized that the launch of XRP futures has demonstrated “significant market interest and widespread participation,” with trading activity on the first day reaching $19.3 million across 15 firms and four retail platforms [1].

The surge in XRP derivatives trading also highlights a broader diversification in crypto trading strategies. While Bitcoin futures continue to dominate, the parallel growth in XRP futures suggests that investors are increasingly considering alternative assets for hedging or speculative purposes. In July 2025, Bitcoin futures open interest on the CME rose from $19.83 billion to $24.65 billion, underscoring the robust demand for crypto-linked products across multiple asset classes [5].

Analysts have pointed to the blockchain-based remittance use case as a key factor in XRP’s growing appeal. As one of the earliest altcoins developed for cross-border payments, XRP has long been associated with practical applications in financial infrastructure, which may explain its increasing role in institutional portfolios [6]. With further institutional adoption and potential regulatory clarity on the horizon, the XRP futures market is expected to remain a focal point for investors seeking exposure to digital assets within a regulated environment.

Source:

[1] Quicktake | CryptoQuant (https://cryptoquant.com/insights/quicktake)

[2] Cryptocurrency Market News Today | KuCoin (https://www.kucoin.com/news/category/market)

[3] MLQ.ai | Stocks (https://mlq.ai/news/)

[4] Earnings call transcript: ITT Q2 2025 beats EPS and ... | Investing.com (https://www.investing.com/news/transcripts/earnings-call-transcript-itt-q2-2025-beats-eps-and-revenue-forecasts-93CH-4163832)

[5] Bitcoin's Whale-Driven Bull Run: A Strategic Buy-In ... | AInvest (https://www.ainvest.com/news/bitcoin-whale-driven-bull-run-strategic-buy-opportunity-accumulation-reaches-multi-month-peaks-2507/)

[6] Crypto News & Insights | Bitcoin News | KuCoin (https://www.kucoin.com/news)