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XRP Is Most Closely Watched Crypto Asset: CME

The CME Group has described XRP as one of the most crypto assets on its market since the launch of its futures products last month.
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XRP Is Most Closely Watched Crypto Asset: CME

Highlights

  • XRP is one of the digital assets on the futures market that has gained the most interest from investors.
  • The altcoin has shown demand among both institutional and retail investors.
  • The altcoin's futures products on the derivatives exchange has recorded $542 million in trading volume since launch.
  • There are currently over $70.5 million in active positions.

The CME Group has awarded accolades to XRP, highlighting the altcoin’s performance since the launch of futures products, just over a month ago. This includes the fact that the token has become one of the digital assets that investors have shown the most interest in on the CME platform.

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XRP Gains Massive Interest From Institutional Investors

In an X post, the CME stated that XRP has been one of the most-watched crypto assets on its platform. The derivatives exchange also noted that since launching in May, the altcoin’s futures and micro futures products have shown demand across institutional and retail participants.

As CoinGape reported last month, the CME XRP futures launched on May 19, a development that was bullish for the altcoin, as it could pave the way for the approval of a Spot ETF. The derivatives exchange revealed that the crypto assets immediately saw significant market interest and widespread participation upon launch.

On their debut, these XRP futures reached $19.3 million across 15 firms and four retail trading platforms. CME noted that this interest cut across different participant classes from ETF issuers to individual retail traders, which highlights the “robust demand” for these futures products. Meanwhile, since their launch, the futures products have recorded a total trading volume of $542 million.

Source: CME Group

The exchange further revealed that 45% of this trading volume has come from outside North America, amplifying XRP’s “substantial” global appeal. Meanwhile, Open Interest in the altcoin’s contract continues to grow and currently stands at $70.5 million in active positions, which also underscores the interest in the token.

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2025 Outlook For The Altcoin

CME stated that there are various factors to consider when looking at XRP’s future potential. This includes the growth in institutional adoption. The derivatives exchange noted that Ripple’s acquisition of Hidden Road is a “strategic move” that aims to further integrate the altcoin into institutional finance.

Secondly, the exchange alluded to the stablecoin integration and how this could positively impact the altcoin. It noted that Ripple recently launched the RLUSD stablecoin, which runs natively on the XRP Ledger (XRPL), which boosts the network activity.

CME claimed that the rising demand for RLUSD further highlights XRP’s potential as a bridge asset in the ever-growing crypto landscape. It is worth mentioning that Circle’s USDC also recently went live on the XRPL.

Lastly, the exchange mentioned the competitive landscape and market participation even as Ripple continues to innovate and position the altcoin as a viable choice for “institutional uses, cross-border payments, and low-fee transactions. XRP’s success in enterprise landscapes and adoption across markets and exchanges creates a real-world feedback loop that builds on itself,” CME concluded.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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