CoinDesk
2025-01-17 08:38:45

XRP Volume Overtakes Bitcoin on Coinbase as U.S. Investor Interest Grows

XRP, the third-largest cryptocurrency by market value, has replaced bitcoin ( BTC ) as the most-traded digital asset on Coinbase (COIN), the Nasdaq-listed cryptocurrency exchange that's seen as a proxy for U.S. demand. Bitcoin retained its position as most-traded crypto asset on Binance, the largest exchange by volume, which is off-limits to U.S. investors. Volume trends are consistent with the recovery in the U.S. demand for XRP, which is closely linked to blockchain-based payment network Ripple, as presaged by the Coinbase premium indicator a week ago. Interest in XRP, the biggest gainer following Donald Trump's election victory in November, increased after Ripple CEO Brad Garlinghouse met the president-elect almost two weeks ago. It's also been supported by speculation of a spot XRP exchange-traded fund (ETF) being approved in the U.S. At press time, the XRP/USD pair accounted for 25% of Coinbase's 24-hour trading volume of $6.86 billion. The BTC/USD pair ranked second, contributing 20% with ETH/USD in third place, according to data source Coingecko. On Binance, XRP was the second-most traded coin. Since November, the payments-focused cryptocurrency's price has risen over 600% to $3.33, the highest since 2017. The valuation has increased by a third this week alone, according to CoinDesk and TradingView data. The rally is backed by a record futures open interest and a spike in the number of large holders. Data tracked by TradingView and CoinMetrics show the number of unique addresses holding at least $100,000 worth of cryptocurrency has increased to 108,540.

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约