XRP Futures Contracts Open Interest Peaks at $1.2B, Highest Since November 2021
Tech Ang XRP Futures Contracts Open Interest Peaks sa $1.2B, Pinakamataas Mula Nobyembre 2021 9 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Alex Dovbnya Data from CoinGlass reveals that the open interest for XRP futures contracts has reached a staggering $1.2 billion Investor interest in Ripples digital token XRP has soared, setting a new record since November 2021. As of July 20, the open interest for XRP futures contracts had reached a staggering $1.2 billion, according to data from CoinGlass. This increase in open interest – the total number of outstanding futures contracts not yet settled – comes after a positive court ruling in the Ripple vs. Securities and Exchange Commission (SEC) case. Open interest is a crucial metric in futures markets, often providing insight into the flow of money and the strength of a given price trend. Among various cryptocurrency exchanges, Binance leads the charge with the highest open interest at $357 million. Bitget and OKX follow with open interests of $198 million and $71 million, respectively, while Bitmex trails with $7 million. The uptick in open interest signals growing confidence among investors in the wake of the recent court ruling favoring Ripple. This significant leap in XRP futures open interest comes as Ripple CEO Brad Garlinghouse recently