Futures contracts listed on the CME linked to and Solana saw record open interest on Monday, a sign of continued demand for regulated products.
The global derivatives giant recorded a record 9,900 active XRP and micro XRP contracts on Monday, as well as 15,600 open positions in standard and micro SOL futures contracts. Taken together, these contracts amounted to a notional open interest of $3 billion.
The milestone reflects the growing adoption of regulated futures as a preferred venue for investors looking to gain exposure to digital assets, manage risk and capitalize on the growing crypto market, as Tim McCourt, the exchange’s global head of equity and currencies products, said at the Token2049 conference in Dubai.
The standard Solana futures contract, sized at 500 SOL, went live in March and crossed the $1 billion notional open interest mark in August. Futures contracts linked to payments-focused XRP crossed this threshold in August, just three months after their debut.
