Cryptocurrency alternate big Coinbase has revealed that XRP accounted for extra of its buying and selling income than Ethereum (ETH) within the second quarter of 2025.
The XRP shock in Coinbase’s Q2 Earnings 👀 https://t.co/Uk6IUP5mHk
— Ryan Rasmussen (@RasterlyRock) July 31, 2025
Total, the alternate recorded $764 million value of income tied to transactions, which is barely under 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 worth features 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 12 months, for comparability, XRP’s share of transaction income was really under the reporting threshold.
It’s value noting that Coinbase moved to relist XRP in July 2023 after initially halting XRP buying and selling in early 2021 as a result of SEC’s lawsuit in opposition to 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 most recent earnings report reveals that Coinbase now holds a complete of $1.3 billion value 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 value $200 million.
Coinbase’s stablecoin income
Notably, Coinbase’s stablecoin income is up 44% year-to-date in comparison with the identical interval final 12 months.
The expansion comes although the Fed has carried out 100 foundation factors of price cuts since then.
