XRP Futures’ Open Interest (OI) recently hit a new record high of over 6,000 contracts.
Over 251,000 contracts have been traded over the past few months, increasing the expected amount of over $9 billion.
The standard XRP contract size is 50,000 XRP, and is worth $145,000 at its current price. There are also micro contracts in sizes of 2,500, suitable for retailers.
As Reported by U.Todaythe XRP deal was finally released in May after Chicago-based Behemoth first leaked plans to launch the product in January.
According to data provided by Coinglass, the overall open profit for XRP futures is currently 2.59 billion tokens ($7.45 billion).
Current OI Rankings
Bitget Cryptocurrency Exchange has emerged as an unlikely leader in the race with an OI of $1.72 billion.
Binance, the major cryptocurrency, ranks second with OI at $1.17 billion.
Meanwhile, CME is in a respectable fourth place with $930 million.
OKX, Kucoin, MEXC and high lipids are also in the top 10.
