Binance Sees XRP Futures Surge Amidst Growing Social Responsibility Efforts
Binance's recent partnership with STOP THE TRAFFIK to prevent human trafficking and modern slavery has brought attention to the exchange's commitment to social responsibility. The move follows a series of announcements on the platform, including the introduction of P2P Skill for conversational trading and XRP futures interest jumping on Binance.
The latter has seen XRP open interest climb above its 30-day average, with renewed leveraged trading activity pushing the Z-Score to 1.60. This trend suggests that users are becoming increasingly interested in Bitcoin's rival cryptocurrency.
In a separate development, nearly $686 million in Bitcoin left Binance on July 20, making it the exchange's largest net outflow in three months. However, this is not necessarily a cause for concern, as the figure still represents a small percentage of the total circulating supply.