The CME-listed futures associated with and Solana experienced unprecedented open interest on Monday, indicating a steady demand for regulated products.
The global derivatives heavyweight reported a record of 9,900 XRP and micro XRP active contracts on Monday, along with 15,600 open positions in standard and micro SOL futures. Combined, these contracts represented a notional open interest of $3 billion.
This achievement underscores the rising acceptance of regulated futures as a favored option for investors looking to gain exposure to digital assets, mitigate risks, and capitalize on the expanding crypto market, as noted by Tim McCourt, the exchange’s Global Head of Equity & FX Products, during the Token2049 conference in Dubai.
The standard Solana futures contract, which is sized at 500 SOL, was launched in March and surpassed the $1 billion notional open interest mark in August. Futures linked to the payments-centric XRP also crossed that threshold in August, merely three months following their launch.
