XRP News Today: XRP Overtakes Ethereum as Top Revenue Generator on Coinbase in Q2 2025

XRP has surpassed Ethereum as the second-largest generator of consumer trading revenue on Coinbase in Q2 2025, accounting for 13% of the platform’s total trading revenue compared to Ethereum’s 12% [1]. Over the first half of the year, XRP’s share grew from 11% to 16%, while Ethereum’s share declined [2]. This marks a significant shift in the crypto market dynamics, driven by renewed retail and institutional interest in XRP. Notably, XRP was not even listed separately in Coinbase’s revenue breakdown a year earlier, highlighting its recent resurgence [1].

The turning point for XRP came in mid-2025 with the conclusion of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). In July 2023, Judge Analisa Torres ruled that XRP is not a security in secondary market sales, offering legal clarity [1]. By June 27, 2025, Ripple CEO Brad Garlinghouse announced the company would withdraw its counter-appeal, effectively ending the case [1]. This resolution removed regulatory uncertainty and boosted investor confidence, directly translating into increased trading activity on platforms like Coinbase.

Coinbase, which re-listed XRP in mid-2024, has seen a direct impact from this regulatory clarity. The platform’s Q2 2025 earnings report showed a 39% drop in total transaction revenue compared to Q1, reaching $764 million, largely due to reduced market volatility and trading volumes [3]. Yet, XRP’s performance stood out, demonstrating strong demand from retail traders drawn to its liquidity and price volatility [1].

While Ethereum saw a 38% price increase in Q2 2025 compared to XRP’s 11%, this did not translate into higher trading fees for Ethereum [1]. This suggests Ethereum’s growth may have been more institutionally driven, while XRP’s rise was fueled by retail engagement. Analysts note that XRP’s strengths—particularly its fast settlement times and established liquidity—make it well-suited for cross-border payments and institutional use [4].

Despite XRP’s success, Bitcoin remains the dominant asset on Coinbase, generating 34% of Q2 trading revenue and holding $1.3 billion in assets on the platform [1]. However, XRP’s outperformance signals a shift in how traders and investors are allocating capital within the crypto ecosystem. The broader crypto market continues to evolve, with stablecoins also showing resilience. They generated a 44% year-over-year increase in revenue, driven by demand for interest-bearing tokens like USD Coin (USDC) [1].

Coinbase CEO Brian Armstrong has emphasized the company’s ambition to become the “everything exchange,” incorporating tokenized equities, prediction markets, and decentralized finance tools. XRP’s regulatory clarity and strong performance reinforce the strategic value of listing assets with defined legal status [1]. As the crypto market continues to mature, XRP’s ascent reflects a growing recognition of the role of alternative cryptocurrencies in specific use cases and investor strategies.

The shift in XRP’s fortunes underscores how regulatory developments can reshape market hierarchies. While macroeconomic and regulatory factors will continue to influence the broader market, XRP’s rise suggests that assets with clear legal standing and functional advantages may gain traction among traders and investors [2].

Source:

[1] The, [https://thecryptobasic.com/2025/08/01/xrp-brings-in-more-revenue-than-ethereum-for-coinbase-q2-2025-earnings-report-shows/](https://thecryptobasic.com/2025/08/01/xrp-brings-in-more-revenue-than-ethereum-for-coinbase-q2-2025-earnings-report-shows/)

[2] AInvest, [https://www.ainvest.com/news/xrp-news-today-xrp-overtakes-ethereum-coinbase-transaction-revenue-time-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-overtakes-ethereum-coinbase-transaction-revenue-time-2508/)

[3] AInvest, [https://www.ainvest.com/news/xrp-news-today-coinbase-q2-retail-volumes-drop-39-xrp-surpasses-ethereum-consumer-revenue-share-2508/](https://www.ainvest.com/news/xrp-news-today-coinbase-q2-retail-volumes-drop-39-xrp-surpasses-ethereum-consumer-revenue-share-2508/)

[4] bloomingbit, [https://bloomingbit.io/en/feed/news/94013](https://bloomingbit.io/en/feed/news/94013)