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Binance XRP Futures Open Interest Falls Nearly 28% Since Sept. 22

The reading was below Binance’s 180-day average of about $460 million.

Updated 1 min read
A passerby checks a smartphone along Singapore’s financial district on an overcast morning. / TokenPost.ai (macro)
A passerby checks a smartphone along Singapore’s financial district on an overcast morning. / TokenPost.ai (macro)

Binance XRP futures open interest stood at $445 million, nearly 28% below its Sept. 22 level and beneath the 180-day average, marking a lower value for active contracts.

The metric totals the dollar amounts tied to futures contracts still open.

The total does not indicate whether traders closed positions on the upside, downside or both; EconoTimes previously covered changes in XRP derivatives positioning.

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