Binance Dominates XRP Futures Volume as Market Awaits Senate Vote

XRP's derivatives market has seen its strongest monthly reading in six months. According to CryptoQuant analyst Arab Chain, XRP futures trading volume across major exchanges reached a six-month high in August.

The data points to liquidity returning to the asset, not a single-exchange anomaly. This signal matters now, with the Senate's CLARITY Act cloture vote set for September 15 and institutional positions building ahead of it.

Binance handled roughly $37 billion in XRP futures, about 57% of the disclosed top-three flow. Bybit followed at $14.54 billion, while OKX came in at $12.88 billion. Together, the three venues cleared more than $64.6 billion.