XRP Trading Volume Overtakes Bitcoin (BTC) on Coinbase as U.S. Investor Interest Grows
XRP has surpassed Bitcoin as the most-traded cryptocurrency on Coinbase, reflecting a surge in U.S. investor interest. The XRP/USD trading volume on Coinbase reached $6.86 billion, while Bitcoin ranked second with a 20% share of the volume. This surge aligns with the overall increase in demand for XRP, which is linked to the Ripple payment network. In contrast, Bitcoin remains the top asset on Binance, indicating a division in trading dynamics between exchanges. The rise in XRP's popularity is attributed to significant price gains since November, with XRP up over 600% to $3.33, fueled by increased large holder activity and approval of an ETF in the U.S. The data shows a notable increase in unique addresses holding at least $100,000 in XRP, now totaling 108,540, highlighting growing interest among institutional and retail investors alike.
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