XRP has set a new record on the CME derivatives exchange, underscoring the demand for the altcoin. This comes as the crypto futures products on the exchange hit $30 billion in open interest (OI) for the first time ever.

XRP Becomes Fastest To Hit $1 Billion In Open Interest On CME

In an X post , the CME Group revealed that its XRP futures products have crossed $1 billion in open interest , making it the fastest-ever contract to reach this milestone, having hit the mark in just over three months. The derivative exchange remarked that this is a huge sign of market maturity, with new capital entering the market.

This comes as the crypto futures on the CME exchange just surpassed $30 billion in notional open interest for the first time ever. Bitcoin and Ethereum boas

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