XRP Derivatives Market Wakes Up with $64B+ Futures Volume

XRP's derivatives market experienced a significant surge in August, with futures trading volume exceeding $64.6 billion, its highest monthly total since February.

The price of XRP also moved up, climbing nearly 30% during the month from $1.06 to $1.50 on August 24 before settling around $1.35.

Binance led the charge in futures trading volume at $37 billion, followed by Bybit at $14.54 billion and OKX at $12.88 billion.

South Korean exchanges Upbit and Bithumb Korea also saw significant spot trading volumes of $4.68 billion and $2.59 billion respectively.