XRP Trading Surges on US Exchanges Amid ETF Speculation
- XRP trading volumes have surged since November, surpassing other cryptocurrencies on US exchanges.
- In the fourth quarter, XRP contributed 14% to Coinbase’s total trading revenue, exceeding Ethereum (ETH).
- The re-listing of XRP followed a court ruling clarifying it is not a security when sold on exchanges.
- XRP ranks third in liquidity behind Bitcoin (BTC) and ETH, according to Kaiko’s ranking.
- The SEC acknowledged XRP ETF filings, initiating a 240-day review period for approval.
XRP accounted for 14% of Coinbase’s trading revenue in Q4 after its re-listing post-SEC court ruling. The SEC’s acknowledgment of XRP ETF filings has further fueled trading activity.
Source (2.6.1)https://cryptoslate.com/xrp-trading-booms-on-us-exchanges-as-etf-speculation-heats-up/?rand=24433
