- XRP surpasses ETH in trading revenue on Coinbase, marking a historic shift in market dynamics
- SEC acknowledges XRP ETF filings, triggering a 240-day countdown for final approval or denial.
- South Korea plans to lift the ban on institutional crypto trading, opening new liquidity channels for XRP
In a major shift, XRP achieved a milestone as it overtook Ethereum (ETH) in trading revenue on Coinbase.
The surge is mainly due to increased trading, growing institutional interest, and excitement about a potential XRP spot ETF.
XRP’s Rise to 14% of Coinbase Revenue
Kaiko’s latest analysis showed that XRP’s contribution to Coinbase’s trading revenue has greatly increased, reaching a 14% share in Q4.
Specifically, the post-U.S. election rally brought back interest in altcoins, with XRP becoming a top gainer. Interestingly, this trend comes after its re-listing on major U.S. exchanges following Ripple Labs’ partial legal win against the SEC.
Related: Ripple ($XRP) vs SEC: Price Predictions and Market Trends Explained
The growing institutional interest in XRP is clear from asset managers getting ready for spot XRP ETFs. Last week, the SEC acknowledged…
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