XRP futures trading volume hits six-month high as derivatives activity surges past $64B

XRP’s derivatives market just woke up from a long nap. Futures trading volume across major platforms exceeded $64.6 billion in August, the highest monthly total since February and a signal that traders are piling back into one of crypto’s most watched assets. The volume spike arrived alongside a meaningful price move. XRP climbed nearly 30% during the month, running from $1.06 at the start of August to a high of $1.50 on August 24 before settling around $1.35. Where the volume landed Binance was the clear heavyweight in this derivatives surge, accounting for roughly $37 billion in XRP futures volume. Bybit came in second at approximately $14.54 billion, while OKX rounded out the top three with about $12.88 billion. The futures activity wasn’t happening in isolation. Spot trading volume for XRP also reached its highest point since February, with Binance again leading at $7.28 billion. South Korean exchanges showed up in force as well: Upbit recorded $4.68 billion in spot volume, and Bithumb Korea added $2.59 billion. ETF inflows add institutional flavor US spot XRP ETFs recorded net inflows of $18.96 million during August, pushing combined assets under management to $1.48 billion. W...