XRP Derivatives Activity Supports Market Liquidity
- XRP derivatives open interest reaches $419.29 million, while KuCoin follows closely with $372.97 million across the displayed exchanges.
- XRP futures volume reached $374.09 million, while MEXC recorded $252.07 million in reported trading activity.
- Futures trade counts remain concentrated, led by 879.68K trades, followed by LBank and Bybit with more than 600K each.
XRP derivatives activity remains elevated across major exchanges, with open interest, trading volume and futures counts showing varied market participation.
XRP Derivatives Open Interest Remains Broadly Distributed
XRP Avengers recently discussed XRPโs $10,000 narrative alongside a new XRPL utility token. The post also promoted XPUMP through an IDO launchpad on Magnetic. Against that backdrop, derivatives data provides measurable information about current market activity.
The chart shows substantial open interest across several major exchanges. The leading exchange records approximately $419.29 million in open interest. KuCoin follows with $372.97 million, while Bybit records $288.15 million.
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