What happened?
XRP has overtaken Ethereum (ETH) in trading volume on Coinbase for the first half of 2025. According to Coinbase’s latest filing with the SEC, XRP made up 16% of transaction revenue through June 30, surpassing ETH at 15%. This marks a significant shift in trader preference and suggests XRP’s market relevance is rebounding after recent regulatory clarity.
Who does this affect?
This development affects cryptocurrency traders and investors who are active on Coinbase, particularly those interested in XRP and ETH. Ripple, the company behind XRP, stands to benefit from increased market interest and visibility. Regulatory bodies observing the effects of court rulings on trading platforms might also be impacted.
Why does this matter?
The increase in XRP’s trading volume over ETH on Coinbase signifies shifting investor confidence and could influence market dynamics across other platforms. As Coinbase expands its offerings to include XRP derivatives and futures, this could further stabilize XRP liquidity and attract institutional investors. The impact could lead to sustained growth and volatility in the broader crypto market, as well as adjust trading strategies among market participants.