XRP Futures Trading Hits Six-Month High as Binance Dominates Market

XRP futures trading has seen its highest level in six months, according to data from CryptoQuant.

In August, XRP futures volume surged to its strongest point since February, indicating a significant increase in market activity.

Liquidity in XRP derivatives seems to have returned after a quieter stretch, but this is not necessarily a bullish sign for the popular altcoin.

Binance remains the leading exchange for XRP futures trading, accounting for approximately $37 billion worth of XRP futures traded during August.