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Kevin Helms

Ripple cites $1B XRP futures open interest as CME rolls out 24/7 crypto derivatives

Ripple said on June 1 that CME Group's move to 24/7 crypto futures and options trading reflects institutional demand, pointing to XRP futures activity as an example. Ripple Prime, previously known as Hidden Road, is acting as a day-one clearing and financing partner for the expanded schedule. Ripple also noted that XRP futures were the fastest CME contracts to reach $1 billion in open interest, doing so in three months last year.
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