Amr Taha
Binance XRP Open Interest Hits Its Lowest Level in 3 Months as Bybit Leads by $66M
XRP open interest on Binance stood at $189 million on November 11, approaching its August 2 reading of $182 million, as XRP traded near $1.05. Meanwhile, Bybit recorded $255 million in XRP open interest, compared with $229 million on August 2. OKX registered approximately $46 million on November 11. Binance's open interest was just $7 million above its August 2 reading, while Bybit remained $26 million higher than its corresponding level. Combined open interest across Binance, Bybit and OKX reached approximately $490 million. With XRP trading near $1.05, the figures highlight uneven derivatives exposure across major exchanges. Binance has returned close to its early-August reading, while Bybit maintains a larger outstanding position value.