Ripple’s Futures volume hits $68B, yet XRP faces a liquidity test – Why?

Ripple Futures trading is gaining traction again after monthly volume dropped to an all-time low of $38 billion in July of this year. Later on, it climbed back to $65 billion in September and reached $68 billion by October. This was after being down for eight straight months since last year’s peak of almost $120 billion in November 2025. Notably, Binance drove the comeback, trading $34.57 billion, followed by Bybit with $13.58 billion and OKX with $12.25 billion. The dominance of large exchanges shows they are driving the rise in XRP derivative products, fueled by speculation on Ripple’s [XRP] price.