Monero futures are again heating with leverage, raising volatility risks

Monero futures open interest has topped $300 million, and the cryptocurrency’s price has returned above $600. The same market setup was seen before January’s crash. Open interest is the total value of outstanding futures contracts, which allow traders to speculate on an asset’s future price using leverage. The renewed build-up in Monero futures now points to increased leveraged exposure in the derivatives market and heightened volatility risk for the cryptocurrency.