XRP News Today: Coinbase Q2 Retail Volumes Drop 39% but XRP Surpasses Ethereum in Consumer Revenue Share

Coinbase reported a 39% drop in retail trading volumes in Q2, with total transaction revenue declining to $764 million from the previous quarter. Despite this decline, XRP outperformed Ethereum in consumer revenue for the second consecutive quarter, accounting for 13% of Coinbase’s consumer transaction revenue, slightly ahead of Ethereum’s 12% [1]. This follows a sharp increase in Q1 when XRP’s share peaked at 18% amid renewed retail interest driven by legal clarity around the asset [1].

The performance of XRP was further supported by its record notional open interest, which hit $8.8 billion, indicating strong bullish sentiment in its perpetual futures market [1]. This surpasses the previous record of $8.3 billion set in late January. The positive and rising funding rates across most venues also suggest strong demand from long positions [1]. Additionally, the number of wallets holding at least 1 million XRP tokens has reached an all-time high, reinforcing growing retail and institutional confidence [1].

While Ethereum delivered a stronger overall return of 38% in Q2 compared to XRP’s 11%, it underperformed in consumer revenue, highlighting a growing disconnect between retail and institutional trading behavior. Analysts attribute Ethereum’s performance to broader ecosystem developments and anticipation around spot ETF approvals [1]. However, XRP’s steady rise in trading share—from below 10% in early 2024 to over 13% in Q2—demonstrates the significant influence of regulatory clarity on retail trading activity [1].

Coinbase’s broader strategic efforts are also gaining recognition. TIME magazine named it one of the 100 Most Influential Companies in 2025, citing its role in shaping U.S. digital asset policy and markets [1]. The exchange’s stock has risen 42% year-to-date, supported by regulatory developments such as the passage of the GENIUS stablecoin bill and its inclusion in the S&P 500 [1]. Coinbase has also expanded its footprint in Europe by obtaining a MiCA-compliant license through Luxembourg and is seeking SEC approval to offer tokenized equities, positioning it as a potential competitor to traditional retail trading platforms [1].

Source: [1] Coinbase Sees Q2 Retail Trading Decline, But XRP Outperforms Ethereum in Consumer Revenue (https://cryptonews.com/news/coinbase-sees-q2-retail-trading-decline-but-xrp-outperforms-ethereum-in-consumer-revenue/)