TL;DR<\/p>\n
CME XRP futures hit $235M in one day, signaling rising institutional interest and global demand.<\/span> CME\u2019s XRP futures market posted its highest trading volume to date on July 11. Over $235 million in notional value changed hands in a single day, with volume spread across standard and micro contracts. This brings the total traded volume since the May 19 <\/span>launch<\/span><\/a> to over $1.6 billion.<\/span><\/p>\n The contracts offer exposure to XRP without requiring token ownership. The standard contract is based on 50,000 XRP, while the micro version covers 2,500 coins. These cash-settled products are tied to CME\u2019s XRP-Dollar Reference Rate and are available to both institutions and retail traders.<\/span><\/p>\n CME has become a go-to exchange for investors who want access to crypto through regulated markets. Its Bitcoin and Ether futures are already widely used, and XRP is now following a similar path. The latest numbers suggest growing use of XRP futures among trading firms.<\/span><\/p>\n CME\u2019s Active Trader account <\/span>posted<\/span><\/a>,\u00a0<\/span><\/p>\n \u201cXRP and Micro XRP futures crossed $235M notional traded on July 11.\u201d\u00a0<\/span><\/p>\n That day, over 9,100 contracts were traded, equal to more than 82 million XRP. Micro contracts also saw their busiest session since launch.<\/span><\/p>\n Ripple, which uses XRP for international payments, is <\/span>applying<\/span><\/a> for a banking license in the United States. It is also looking to register under the MiCA framework in the European Union. These moves are part of a broader strategy to build compliant infrastructure for XRP in major markets.<\/span><\/p>\n XRP futures aren\u2019t the only regulated product gaining traction. On July 14, 3iQ <\/span>reported<\/span><\/a> that its XRP ETF, trading on Canada\u2019s TSX, crossed $50 million in assets. CME data also shows that 45% of XRP futures volume comes from outside North America, pointing to strong demand across regions.<\/span><\/p>\n Adding to this institutional wave, the SEC has <\/span>approved<\/span><\/a> the ProShares Ultra XRP ETF, a leveraged futures-based product set to trade under the ticker UXRP on NYSE Arca. Trading is scheduled to begin by week\u2019s end, giving XRP its first U.S.-listed ETF exposure.<\/span><\/p>\n The post $235M XRP Futures Frenzy: Smart Money Loading Up?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" TL;DR CME XRP futures hit $235M in one day, signaling rising institutional interest and global demand. SEC approves UXRP, the first U.S.-listed leveraged XRP ETF, set to launch on NYSE Arca. 3iQ\u2019s Canadian XRP ETF tops $50M in assets as regulated products gain traction globally. XRP Futures Set New Record on CME CME\u2019s XRP futures […]<\/p>\n","protected":false},"author":0,"featured_media":81317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81316"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81316"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81317"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSEC approves UXRP, the first U.S.-listed leveraged XRP ETF, set to launch on NYSE Arca.<\/span>
\n3iQ\u2019s Canadian XRP ETF tops $50M in assets as regulated products gain traction globally.<\/span><\/p>\nXRP Futures Set New Record on CME<\/h2>\n
Institutions Turn to Regulated Exposure<\/h2>\n
XRP Gets First U.S. ETF as Global Demand Grows<\/h2>\n