
XRP Options Open Interest Rockets to $98M as Volatility Spurs Yield Traders
In the past fortnight, derivatives traders have pumped the notional value of XRP options on Deribit up by 38%, from $71 million to around $98 million—just shy of the record high of $102.3 million seen this past June . This represents roughly 42,400 open contracts, each pegged to 1,000 XRP. Key Drivers: Market Pulse: Trade…