CME Takes Top Spot for XRP Futures Open Interest

The Chicago Mercantile Exchange (CME) has surpassed Binance as the largest venue for XRP futures open interest, marking a significant shift in the asset's derivatives activity.

This reversal comes amidst continued interest in U.S. spot XRP ETFs, indicating a growing role for regulated market infrastructure in XRP trading.

Institutional participation is expanding across futures and fund products, rather than being concentrated on one venue, which matters because it shapes how large investors get exposure to the token.

Citadel Advisors increased its XRP ETF exposure in the second quarter, according to recent portfolio disclosures, while Bitwise's hedge fund managing $65B+ in capital disclosed XRP ETFs in its latest 13F filing.