With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope
Stablecoin-margined XRP open interest on Binance fell to about $186 million on July 31, its lowest level since April 2025, according to CryptoQuant. Bybit held roughly $229 million in the same contract type, about $43 million more than Binance. XRP trades near $1.03, putting the token roughly 3% above the $1 level that has become […] The post With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope appeared first on CryptoSlate.
Key Takeaways
- Stablecoin-margined XRP open interest on Binance fell to about $186 million on July 31, its lowest level since April 2025, according to CryptoQuant.
- Bybit held roughly $229 million in the same contract type, about $43 million more than Binance.
- XRP trades near $1.03, putting the token roughly 3% above the $1 level that has become […] The post With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Circle expands USDC to OKX ecosystem with X Layer launch
The rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems.
Coinbase is pulling Loopring trading today – finding a safe place to sell LRC tokens is getting complicated
At 10:47 a.m. ET, LRC-USD was still limit-only while 74% of displayed volume sat on four outside venues. The post Coinbase is pulling Loopring trading today – finding a safe place to sell LRC tokens is getting complicated appeared first on CryptoSlate.
Top 10 dApp Tokens of August 2026
Blockchain is often closely associated with Bitcoin, but its potential extends well beyond powering a single digital asset. By providing a decentralised, transparent, and tamper-resistant infrastructure, blockchain enables users and organisations to interact…