coindesk.com
The CME-listed futures tied to $XRP$2.6270 and Solana $SOL$195.56 saw record open interest Monday in a sign of consistent demand for regulated products.
The global derivatives giant saw a record 9,900 $XRP and micro $XRP active contracts Monday, alongside 15,600 open positions in standard and micro $SOL futures. Taken together, these contracts equated to a notional open interest of $3 billion.
This milestone reflects the increasing adoption of regulated futures as a preferred venue for investors seeking exposure to digital assets, manage risks, and capitalizing on the growing crypto market, as 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 crossed the $1 billion notional open interest mark in August. Futures tied to the payments-focused $XRP crossed that threshold in August, just three months after their debut.