Nearly Half of XRP Futures Trading Occurs in Off-U.S. Hours, Demonstrating the XRP Army’s Global Footprint, According to CME Data.

The CME’s recently launched XRP futures have quickly demonstrated the cryptocurrency’s widespread global interest, with nearly half of the trading activity occurring outside of U.S. market hours.

According to a spokesperson from CME, the combined volume of standard and micro XRP futures contracts reached $86.6 million across just six trading days. Notably, 46% of this volume happened during non-U.S. trading hours, highlighting strong participation from international traders.

XRP, known for its focus on fast and low-cost cross-border payments, is utilized by Ripple and the XRP Ledger (XRPL) to streamline global money transfers. The CME futures, which are cash-settled against the CME CF XRP-Dollar Reference Rate, provide investors an opportunity to gain price exposure without holding the cryptocurrency directly.

Standard contracts cover 50,000 XRP, while micro contracts represent 2,500 XRP, catering to a range of market participants.