XRP News: Ripple CEO Lauds Major XRP Milestone, Details

The Coin Republic
The Coin Republic
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Key Insights:

  • XRP hits $1B CME futures open interest, fastest to join BTC, ETH, SOL.
  • CME crypto open interest tops $35B in August.
  • Ripple CEO hails the milestone as the community split over price stagnation and ETF delays.

In XRP news today, trading data from CME Group shows XRP futures open interest hit $1 billion in just over three months, making it the fastest crypto contract to reach that level.

The surge puts XRP into the same “$1B club” as Bitcoin, Ethereum, and Solana futures. CME also reported that total crypto futures open interest reached roughly $36 billion on August 22 – an all-time high – driven by a record $313.8 billion of combined volume that month.

Ripple CEO Brad Garlinghouse highlighted the XRP news on X on September 4, prompting mixed reactions.

Some community members praised the institutional demand, while others pointed out XRP’s flat price and delayed U.S. ETF approvals....

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