XRP has overtaken Ethereum in revenue on the Coinbase platform in Q2 2025, marking a notable shift in trading dynamics driven by institutional interests and regulatory clarity.
Change in Market Leaders
In Q2 2025, XRP emerged as the leading altcoin on Coinbase in transaction revenue. This comes amid increased institutional interest and recent regulatory clarity enhancing XRP's appeal as a preferred altcoin.
Impact of Institutional Investments
Coinbase CEO Brian Armstrong stated: 'XRP accounted for 13% of the platform’s transaction revenue, edging out Ethereum, which captured 12%.' This marks a significant realignment in trader preferences and institutional engagement with XRP.
Future of XRP on Exchanges
With increased demand for XRP, OTC trades now comprise approximately 19% of XRP's total global trading volume. This reflects a growing adoption driven by fintech and enterprise solutions.
The market landscape is changing, and XRP's future may depend on institutional interests and trading conditions.