linked to CME-listed futures and solana Record open interest was seen on Monday as a sign of continued demand for regulated products.
The global derivatives giant saw a record 9,900 XRP and Micro XRP active contracts on Monday, as well as 15,600 open positions in standard and Micro SOL futures. Collectively, these contracts equate to an estimated open interest of $3 billion.
This milestone reflects the growing acceptance of regulated futures as a preferred venue for investors who want to invest in digital assets, manage risks and capitalize on the growing crypto market, Tim McCourt, the exchange’s Global Head of Equity & FX Products, said during the Token2049 conference in Dubai.
The standard Solana futures contract, sized at 500 SOL, went live in March and surpassed the estimated open interest mark of $1 billion in August. Futures tied to payments-focused XRP crossed that threshold in August, just three months after their debut.