Cryptocurrency change large Coinbase has revealed that XRP accounted for extra of its buying and selling income than Ethereum (ETH) within the second quarter of 2025.
Total, the change recorded $764 million price of income tied to transactions, which is barely beneath analysts’ estimates.
XRP’s large income share
The Ripple-linked token had a 13% share of Coinbase’s transaction income. This locations it in second place behind solely Bitcoin, which had a 34% share. ETH, regardless of logging spectacular value positive aspects within the second quarter, is available in third place with a 12% share.
The hole between XRP and ETH is much more spectacular in relation to Coinbase’s six-month income (16% and 11%, respectively).
Final yr, for comparability, XRP’s share of transaction income was truly beneath the reporting threshold.
It’s price noting that Coinbase moved to relist XRP in July 2023 after initially halting XRP buying and selling in early 2021 because of the SEC’s lawsuit towards Ripple.
Coinbase’s crypto treasury
Coinbase is named one of many largest company holders of Bitcoin, rating alongside Metaplanet, Riot Platforms, and MARA Holdings within the prime 10.
The newest earnings report reveals that Coinbase now holds a complete of $1.3 billion price of BTC.
ETH is available in a really distant second place with roughly $300 million.
Different tokens which might be a part of Coinbase’s crypto treasury are price $200 million.
Coinbase’s stablecoin income
Notably, Coinbase’s stablecoin income is up 44% year-to-date in comparison with the identical interval final yr.
The expansion comes even supposing the Fed has applied 100 foundation factors of fee cuts since then.