Crypto
Binance Dominates XRP Futures Decline as Open Interest Plummets
XRP futures open interest has plummeted to $897 million as of August 4, down from roughly $1.14 billion in May.
Binance exchange is responsible for a significant portion of this decline, accounting for 55.3% of the contraction in XRP open interest, while Coinbase accounted for about 15%.
The decrease in crypto derivatives activity suggests reduced leverage and lower capital rotation, which may put downward pressure on XRP adoption and market momentum.