The data from Kaiko shows that XRP experienced extraordinary trading volume on US exchanges starting from November. The cryptocurrency has reached 14% of Coinbase’s trading revenue surpassing Ethereum thus becoming its top revenue source for the first time in Coinbase’s history.
Market Position
XRP holds the position as the third most liquid cryptocurrency in Kaiko’s rankings after Bitcoin and Ethereum. The asset demonstrates a powerful trading infrastructure through its trading infrastructure and its market capitalization maintains parallel liquidity levels.
ETF Prospects
Market optimism has risen after the SEC officially recognized XRP ETF applications. Analysts from Bloomberg believe there is a 65% chance the SEC will approve XRP but the new leadership may further boost this approval rate. The examination process for an ETF approval would last 240 days similar to the timeframe observed during Ethereum’s ETF review in May 2024.
Regulatory Impact
Ripple experienced growth after obtaining a partial victory against the SEC that established XRP’s exchange-traded classification. Major US platforms gained permission from this ruling to return XRP listings thus boosting the trading volume.
Trading Performance
The market dominance showcased by XRP, highlights increasing institutional participation and regulatory transparency. This is showing changes in the crypocurrency investment world as ETF market speculation continues to boost trading activity.
