CME-listed futures linked to and sunny recorded record open interest on Monday in a sign of continued demand for regulated products.
The global derivatives giant on Monday recorded a record 9,900 active XRP and micro XRP contracts, along with 15,600 open positions in standard and micro SOL futures. Together, these contracts amounted to a notional open interest of $3 billion.
This milestone reflects the growing adoption of regulated futures as a preferred venue for investors seeking exposure to digital assets, managing risks and capitalizing on the growing cryptocurrency market, Tim McCourt, global head of equities and foreign exchange products at the exchange, said during the Token2049 conference in Dubai.
Solana’s standard 500 SOL futures contract went live in March and surpassed the $1 billion notional open interest mark in August. Futures linked to payments-focused XRP crossed that threshold in August, just three months after their debut.
