XRP Beats Ethereum In Revenue Generation for Coinbase

Ripple’s XRP has overtaken Ethereum in Coinbase’s consumer trading revenue, marking a dramatic shift in market dynamics and signaling renewed investor confidence in the asset. This development, highlighted by Bitwise Senior Research Analyst Ryan Rasmussen, reveals that XRP accounted for 13% of Coinbase’s Q2 2025 trading revenue, edging out Ethereum, which stood at 12%. Just a year ago, XRP didn’t even merit a separate revenue breakout in Coinbase’s earnings report, underscoring how far the asset has come. A Regulatory Turning Point for XRP The most decisive factor behind XRP’s rising prominence has been regulatory clarity, particularly following the latest legal developments in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). Wow, XRP trading accounted for more of Coinbase’s trading revenue this year than ETH trading. Last year XRP wasn’t even broken out. pic.twitter.com/ZEiQQqSlGi — Ryan Rasmussen (@RasterlyRock) July 31, 2025 After years of litigation, U.S. District Judge Analisa Torres ruled in July 2023 that XRP is not a security in secondary market sales, offering long-sought legal clarity. But it’s the events of mid-2025 that have finally closed the chapter. On June 27, 2025, Ripple CEO Brad Garlinghouse announced the company would withdraw its counter-appeal against the SEC’s partial victory, following Judge Torres’ rejection of a proposed settlement. With the SEC expected to drop its appeal as well, the legal war appears to be functionally over. This finality has sparked renewed enthusiasm across both institutional and retail markets. For Coinbase, which relisted XRP in mid-2024 after years of suspension, that clarity has translated directly into surging consumer demand and trading activity. XRP’s Momentum vs. Ethereum’s Shift The shift in trading revenue is notable because it wasn’t just a one-time anomaly. XRP also outperformed Ethereum on a half-year basis, contributing 16% of Coinbase’s H1 2025 trading revenue compared to Ethereum’s 11%. While Ethereum delivered stronger price performance during the same period, up around 38% in Q2 versus XRP’s 11%, that appreciation didn’t convert into higher trading fees. This suggests Ethereum’s recent growth may have been more institutionally driven, while XRP gained favor with retail traders energized by legal clarity and price volatility. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Coinbase’s Strategic Perspective Coinbase’s Q2 2025 earnings report revealed an overall drop in transaction revenue, down 39% from Q1 to $764 million, due to lower market volatility and softer trading volumes. Yet, within that downturn, XRP’s performance stood out. Coinbase CEO Brian Armstrong has reaffirmed the company’s long-term goal of becoming the world’s “everything exchange,” expanding its offerings beyond crypto to include tokenized equities, prediction markets, and decentralized finance tools. XRP’s success reinforces the strategic importance of listing assets with well-defined regulatory standing. Bitcoin Still Dominates, but XRP Is Rising Bitcoin remains the undisputed leader on Coinbase, generating 34% of trading revenue in Q2 and holding $1.3 billion in assets on the platform. Still, XRP’s resurgence, now firmly ahead of Ethereum in this key revenue metric, has placed it back in the spotlight. As Ryan Rasmussen noted, XRP’s rise from obscurity in Coinbase’s reporting to surpassing Ethereum is not just a statistical footnote; it’s a clear sign that regulatory clarity can dramatically reshape the crypto market hierarchy. With the SEC case all but closed, XRP’s next chapter may just be beginning. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Beats Ethereum In Revenue Generation for Coinbase appeared first on Times Tabloid .

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