Binance XRP Futures Volume Tops $32 Billion in September

XRP futures trading across Binance, Bybit and OKX totaled $56.18 billion in September, with Binance accounting for more than the other two exchanges combined.

Binance recorded $32.36 billion in volume. Bybit had $12.5 billion, while OKX posted $11.32 billion. Market activity reached its highest level in six months.

Trading volume measures contracts exchanged over a period; it does not show whether traders favored rising or falling prices, or how much exposure remained open.

Binance XRP open interest, the value of outstanding futures positions, stood at $521.5 million on Sept. 29. That was 15.3% below a six-month high of $616.1 million reached a week earlier. The earlier coverage of Binance XRP derivatives examined open interest, a different measure from September trading volume.