CME Surpasses Binance as Largest XRP Futures Venue Amid Institutional Buying

XRP's price has been dipping since its August rally, but the decline looks unremarkable given recent developments in derivatives and prediction markets.

CME Group has surpassed Binance to become the largest venue for XRP futures open interest, with CME's open interest hitting 410,000 contracts worth about $530 million, edging out Binance's 375,000 contracts valued near $510 million, according to CoinGlass data.

This shift in dominance is significant, as it changes the conversation about who's driving XRP's price. The timing coincides with Goldman Sachs reclaiming its spot as the largest XRP ETF holder, joining JPMorgan and Morgan Stanley in a Wall Street accumulation trend that's hard to ignore.