Monero futures are again heating with leverage, raising volatility risks

Leveraged bets are building up in monero (XMR) futures, raising the odds of a sharp, sudden move in the price. Monero (XMR) is a cryptocurrency built for privacy. Its transactions are hard to trace and at the market cap of $10.9 billion, it is the second-largest privacy coin in the world. Notional open interest, or the dollar value of the number of active monero futures bets, has risen past $300 million, approaching the January peak of around $320 million, according to data source SoSoValue. Futures are contracts that let traders bet on a coin’s price without owning it. To date, the tally has topped $300 million only a few times, all this year. “The last Time we reached that amount of Open Interest was in Jan 2026.

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