Binance Leads XRP Open Interest Reset With $19 Million Drop
The source says XRP’s derivatives market is undergoing an open interest reset during a recent rebound, with Binance recording a negative $19 million change on April 7.
XRP
Summary
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Terms & Concepts
Open interest: The total number of outstanding derivatives contracts that remain active and have not been closed or settled.
Derivatives market: A market for contracts whose value is tied to an underlying asset such as XRP.
XRP: A cryptocurrency used on the XRP Ledger, a blockchain network designed for payments and asset transfers.