XRP News Today: XRP Surpasses Ethereum in Coinbase Q2 Transaction Revenue for First Time

XRP has outpaced Ethereum in Coinbase’s Q2 2025 transaction revenue, capturing 13% of the platform’s total revenue compared to Ethereum’s 12% [1][2]. This marks the first time XRP has surpassed Ethereum in this metric, reflecting a significant shift in trading behavior and institutional adoption [2][4]. The broader context includes a 39% decline in retail trading volumes on Coinbase during the same period [3], suggesting a realignment in how market participants are engaging with altcoins.

The rise of XRP is closely tied to regulatory developments. Ripple’s legal victory over the U.S. Securities and Exchange Commission in July 2023 provided much-needed clarity, reducing uncertainty among investors and boosting XRP’s appeal [1][4]. This clarity, combined with XRP’s fast transaction speeds and cross-border payment capabilities, has positioned it as a favorable alternative to Ethereum for certain use cases [4].

Institutional interest has also played a key role. XRP’s over-the-counter (OTC) trading volume now accounts for approximately 19% of its total global trading volume, driven by fintech and enterprise solutions [2]. Ripple’s CEO and CTO have highlighted growing adoption in institutional and cross-border settings, despite slower-than-expected on-chain adoption [4].

The market environment further influenced Coinbase’s performance. Stablecoins contributed to a 44% increase in revenue compared to the prior year, despite a reduction in U.S. Federal Reserve interest rates [1]. This growth was largely attributed to interest-bearing stablecoins like USD Coin (USDC, which helped cushion the exchange from broader market volatility [1].

Bitcoin, however, continued to dominate, accounting for 34% of Coinbase’s total revenue and holding $1.3 billion in the platform’s cryptocurrency assets [1][2]. Institutional support from large holders such as Metaplanet and Riot Platforms reinforced Bitcoin’s dominant position [1].

The shift in XRP’s revenue share indicates a broader trend in the crypto market, where legal clarity and institutional adoption are increasingly shaping trading dynamics [2][4]. While Ethereum remains a key player, its loss of top altcoin status on Coinbase highlights the competitive and evolving nature of the digital asset landscape [4][6].

XRP’s ability to outperform Ethereum in this context reflects growing demand for faster, more liquid assets, especially in cross-border and institutional transactions [4]. Analysts have pointed out that such movements are indicative of shifting investor priorities, though the sector remains sensitive to regulatory and macroeconomic factors [6]. As the market continues to mature, these developments may influence future trading strategies and revenue forecasts for major exchanges [1][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)

[6] Stocktwits, [https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-rebound-after-fed-rate-hold-xrp-doge-ada-lead-altcoin-gains/choLJJvR56o](https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-rebound-after-fed-rate-hold-xrp-doge-ada-lead-altcoin-gains/choLJJvR56o)