The post XRP Takes the Lead Over ETH & SOL in Coinbase Q4 Report appeared on BitcoinEthereumNews.com.

XRP made up 14% of Coinbase’s Q4 transaction revenue. Trading and regulatory optimism boosted XRP’s market position. Leading cryptocurrency exchange Coinbase has reported a significant increase in transaction revenues for the fourth quarter of 2024. XRP transactions played a major role in this increase. According to its reported earnings, XRP contributed 14% to total transaction revenue at the exchange, while both institutional and retail trading volumes increased. This performance places XRP ahead of major assets like Ethereum and Solana in terms of trading volume on the platform. Coinbase’s quarterly revenue reached $2.3 billion, representing an 88% growth from the previous quarter. The revenue from transactions reached $1.6 billion during the quarter because of its 172% growth rate. Investors show increased interest in digital assets, and trading activities rise due to regulatory changes in the market. The earnings report reveals that XRP secures the top position in trading activities. The cryptocurrency XRP resulted in $224 million worth of transaction revenue for Coinbase during the third quarter. Transaction revenue from Ethereum contributed 10% to Coinbase’s total exchange revenue sector. Solana did not release its trading share, but according to Vet, an XRPL dUNL validator, the success of XRP indicates that it has surpassed multiple well-known assets on Coinbase. XRP’s Market Resurgence The crypto market shows increasing interest in XRP thanks to current developments across the industry. Cryptocurrency users have restored their interest in the asset, which now stands as the third largest cryptocurrency, as measured by market capitalization. Investor confidence in XRP has strengthened, partly due to shifting regulatory dynamics following the U.S. presidential election. Market sentiment became affected by political developments after Donald Trump won the presidential election. His current administration indicated favor toward cryptocurrencies through planned changes, which would see former SEC Chair Gary Gensler replaced. The regulatory progress in…

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Filed under: News - @ February 15, 2025 6:27 am