
Jakarta, Pintu News – This week, the price of Ripple experienced a significant increase of more than 26% and broke through the $3 mark. This rise caught the attention of traders in the spot and derivatives markets. In addition, activity on the Chicago Mercantile Exchange (CME) has also increased with the total volume of Ripple (XRP) futures contracts reaching over $1.6 billion since the launch of the product.
On July 11, the daily trading volume for Ripple (XRP) futures contracts on CME reached $235 million across product types. This data shows increased participation from both the institutional and retail sectors. The Ripple (XRP) micro contract, in particular, recorded a record high with 7,869 contracts traded in a day.
These micro products are attractive because they require lower capital and provide an opportunity for small traders to engage in the regulated derivatives market. The micro-contracts generated a turnover of over 70 million Ripple (XRP) in a single day. The availability of these contracts through apps like Robinhood has expanded access to digital asset derivatives and significantly lowered the threshold for personal traders.
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Meanwhile, regular Ripple (XRP) futures contracts on CME showed steady buying activity with 1,245 contracts executed on July 11. These large contracts continue to attract interest from institutions seeking opportunities for hedging and more complex strategies.
The liquidity and structure of a standardized Ripple (XRP) futures contract is perfect for professional trading desks seeking exposure to cryptoassets through a compliant and risk-managed channel. The increase in volume and open interest indicates an orderly shift in crypto derivatives, as the market matures and more conventional financial investors enter the crypto market.
The new product highlights the increasing adoption of Ripple (XRP) in the crypto derivatives market arena, while the spot price is moving higher at a faster pace than the history of the past few years. Despite the declines in the last 24 hours, the altcoin has managed to maintain substantial gains.
Market analysts expect the price of Ripple (XRP) to surge further to $10, as reported by CNF. At the time of writing, the price of Ripple (XRP) fell 2.16% to $2.91 on Tuesday, July 15. However, it still recorded a 27% gain in the last seven days as the significant surge in the crypto market was triggered by Bitcoin’s price increase to $123,000.
The dramatic increase in trading activity of Ripple (XRP) futures contracts and price spikes in the spot market signal a new era for Ripple (XRP) in the financial markets. With regulated derivative products in place, Ripple (XRP) offers new opportunities for investors to manage volatility and develop structured strategies.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.