CME Overtakes Binance in XRP Futures Open Interest
XRP (XRP)
Editor:
Eugene Serbin
DailyCoin reports that the Chicago Mercantile Exchange has surpassed Binance as the primary venue for XRP futures open interest. This marks a shift for an asset whose derivatives activity has historically resided on crypto-native exchanges. The move coincides with sustained interest in U.S. spot XRP ETFs, highlighting the growing role of regulated infrastructure.
Citadel Advisors expanded its XRP ETF exposure in the second quarter, disclosing holdings in Bitwise, Canary, Franklin, Teucrium, and Volatility Shares. The hedge fund managing over $65 billion in capital added $7.5 million in combined ETF exposure. Meanwhile, spot XRP funds received $19 million in net inflows during the week ending September 4, down from $110.5 million the prior week.
Despite softer demand, XRP rose approximately 3% over those five sessions without immediate spot selling. Separately, 21Shares announced it would value its TOXR ETF using the FTSE XRP Index instead of the CME CF XRP-Dollar Reference Rate from August 27, 2026. The fund held about $150 million at the time of the announcement. This benchmark change aims to provide a cleaner pricing frame for advisers and institutions.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 8 September 2026. Not the outlet's figures.
XRP trades at $1.40 with a 24-hour buy ratio of 51.3%, indicating a slight edge for buyers over sellers. The 1-hour buy ratio stands at 51.7%, while the 4-hour ratio is 50.1%, showing that short-term buying pressure is slightly stronger than the broader daily trend. Volume delta reflects this with a positive $4,358,799 over 24 hours, meaning more money flowed into buys than sells. However, the cumulative volume delta (CVD) closed at -$2,675,802, suggesting that despite recent buying, the overall trend over the day has been net selling. The market saw net buying for only 10 of the 24 hours, with spot volume reaching $163,450,565 across 590,287 trades.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.2%, making today’s 24-hour ratio of 51.3% an increase of 1.1 percentage points. This indicates a slightly more bullish sentiment compared to the weekly norm. Volume was at 0.98 times the average, showing trading activity was nearly identical to recent standards. The coin experienced net buying on 3 of the past 7 days, with a total volume delta of $13,888,009 over that period. Price increased by 1.2% over eight days, aligning with the modestly positive flow data observed today.