Well, butter my biscuit and call me a wizard, because the numbers are in, and they’re as bonkers as a troll on a sugar rush! According to the oh-so-serious folks at the Chicago-based trading giant CME (that’s Chicago Mercantile Exchange, for those of you who still think CME stands for “Can’t Make Ends meet”), XRP futures had their biggest day yet last week. 🎉🤑
This little financial shindig just happened to coincide with the Ripple-linked token hitting its all-time high of $3.65. Yes, you heard that right—$3.65! That’s enough to buy a fancy cup of coffee… or maybe just the lid. ☕💰
Overall, the total value of all traded XRP contracts has zoomed past $3 billion in the past two months. That’s right, $3 billion! Or, as I like to call it, “enough to make a dragon jealous.” 🐉✨ Roughly 108,000 contracts have been shuffled around like a deck of cards at a dwarven poker night via the CME Group platform.
XRP futures finally went live on CME in May after more anticipation than a dwarf waiting for his second breakfast. As reported by U.Today (no, not the newspaper made of bread), CME Group’s Tim McCourt chirped that the product was rolled out because customers were clamoring for it. He also mentioned that XRP has “a really strong use case,” which is financial speak for “it’s not just a pretty face.” 💼🤓
CoinGlass data (yes, that’s a real thing, not a pirate’s treasure map) shows that open interest for CME Group’s XRP futures is sitting pretty at $724 million. That puts it in fifth place by OI, which is like coming in fifth in a race against a tortoise, a hare, and two particularly slow sloths. 🏆🐢 Bidget and Binance are leading the pack with $2.09 billion and $1.78 billion, respectively. Because, you know, why be subtle when you can be spectacular?
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2025-07-22 23:08