XRP News Today: XRP Surpasses Ethereum in Coinbase Q2 Revenue Share Amid Regulatory Clarity

Coinbase’s Q2 2025 earnings revealed a notable shift in trading dynamics, with XRP surpassing Ethereum in consumer transaction revenue for the first time. Ripple’s XRP accounted for 13% of consumer transaction revenue on the platform, edging out Ethereum’s 12% [1]. This marks a significant turning point in the ongoing competition among major digital assets.

Coinbase reported total transaction revenue of $764 million for the quarter, a 39% decline compared to the previous quarter, despite a year-over-year increase in spot trading volumes to $237 billion. While Bitcoin remained dominant, capturing 34% of total transaction revenue, the rise of XRP highlights a growing trend of retail investors favoring assets with clearer regulatory status [1].

XRP’s surge can be attributed to regulatory clarity following Ripple’s legal victory in July 2023. This decision resolved the long-standing uncertainty over whether XRP should be classified as a security. The clarity triggered renewed interest from both retail and institutional investors, pushing XRP’s market share from under 10% in early 2024 to a high of 18% in Q1 2025 [1].

Juan Leon of Bitwise noted that the legal clarity around XRP acted as a catalyst for a retail trading rally. While Ethereum continues to attract institutional demand through spot ETFs and DeFi expansion, XRP is gaining traction among retail traders seeking assets with defined legal frameworks. Over the past six months, XRP’s cumulative revenue share on Coinbase has increased to 16%, while Ethereum’s has dipped to 11% [1].

Speculation has intensified around the possibility of a BlackRock spot XRP ETF. Digital asset researcher Anderson suggested that BlackRock may soon file for such a product, citing the firm’s expanding exposure to tokenized finance and Ripple’s regulatory progress. Anderson pointed to the appearance of BlackRock’s Director of Digital Assets, Maxwell Stein, at Ripple’s upcoming Swell conference as an indicator of potential involvement [1].

If BlackRock moves forward with an XRP ETF, it would likely be part of a broader strategy to diversify its digital asset offerings. The firm’s Ethereum ETF, which reached 3 million ETH in assets within 10 days, has shown strong institutional demand [2]. A similar product for XRP could further integrate the asset into institutional portfolios, amplifying its market presence.

However, Coinbase’s Q2 results were mixed overall. Total revenue came in at $1.5 billion, below the analyst consensus of $1.59 billion, resulting in a post-earnings stock price drop of approximately 7%. The exchange’s struggles underscore the volatility of the broader crypto market [1].

The potential for a BlackRock XRP ETF highlights the growing institutional interest in digital assets with clear regulatory frameworks. Ripple’s Swell conference, which will feature Stein and other institutional speakers, has become a key event for industry observers. While no formal SEC filing has yet been announced, the momentum around XRP and its regulatory status suggests the asset is gaining traction in both retail and institutional markets [1].

The XRP outperformance in Coinbase’s Q2 earnings signals a broader realignment in altcoin trading dynamics. Despite Ethereum’s price recovery and continued DeFi growth, XRP has captured a larger share of consumer trading activity, reflecting shifting investor sentiment and the impact of regulatory developments on market behavior [1].

Source: [1] XRP Surpasses Ethereum in Coinbase Q2 Amid ETF Buzz (https://coinpaper.com/10304/xrp-outshines-ethereum-in-coinbase-q2-earnings-amid-black-rock-etf-frenzy)

[2] Ripple (XRP) Holders Earn $3720 Daily with ... (https://coincentral.com/ripple-xrp-holders-earn-3720-daily-with-paladinmining-amid-wild-price-fluctuations/)