XRP Could Surpass Ethereum in Coinbase’s Q2 2025 Trading Revenue Amid Growing Market Activity

Key Points

1. XRP contributed 13% to Coinbase’s Q2 2025 trading revenue, surpassing Ethereum’s 12%, while Bitcoin remained dominant with 34%.

2. XRP’s trading surge was fueled by its relisting on Coinbase in July 2023 and positive developments in Ripple’s legal proceedings.

3. Coinbase holds $1.3 billion in Bitcoin and $300 million in Ethereum in its corporate treasury, ranking among top institutional holders.

4. Stablecoin revenue on Coinbase grew by 44% year-to-date despite Federal Reserve rate cuts, due to their role in liquidity and hedging.

5. XRP’s half-year transaction revenue share was 16%, compared to Ethereum’s 11%, reflecting increased trader confidence and demand.