Coinbase’s XRP holdings increase 458%, overtaking ETH and SOL revenue, signaling a shift in market dynamics.
What to know
- Coinbase’s XRP holdings surged 458%, surpassing ETH and SOL revenue.
- Regulated XRP futures drive institutional interest.
- CME Group offers new XRP futures products.
Coinbase reports a significant 458% increase in XRP holdings, with revenue surpassing Ethereum and Solana, attributed to newly launched regulated futures.
The surge reflects enhanced institutional interest, potentially shifting altcoin market dynamics and increasing competitive pressures.
Coinbase’s XRP Holdings Rise 458% Amid Market Shifts
“Coinbase’s Securities and Exchange Commission (SEC) filing showed a 458% year-over-year surge in the value of XRP held on the platform.” — Brian Armstrong, CEO and Co-founder, CoinbaseThe relisting of XRP and new regulated futures have driven increased exposure among institutional investors, signaling a broader acceptance.
XRP Revenue Surpasses ETH and SOL
Coinbase Relists XRP, Bolsters Investor Confidence
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