Monero Rises 8.33% as Futures Volume Outpaces Spot Trading

Monero (XMR) rose 8.33% over the 24-hour period shown in a market snapshot taken at 1:03 p.m. ET (17:03 UTC) Oct. 18, while futures volume outpaced spot trading. XMR was priced at $592.13, and open interest stood at $261.35 million. Futures volume reached $271.25 million over 24 hours, compared with $16.25 million in spot volume. The gap shows futures accounted for more trading activity during that window, but does not establish whether demand for XMR in spot markets was strengthening. Open interest measures futures positions that remain open and unsettled. It includes both long and short contracts, so the $261.35 million total captures outstanding exposure without showing which side was larger. Monero's protocol uses ring signatures, Ring Confidential Transactions (RingCT) and stealth addresses.

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