Coinbase Volume Spikes to $2.7 Billion: XRP Chips Dominate in Just 3 Hours!
XRP, the fourth-largest cryptocurrency, is experiencing a surge in trading activity on Coinbase, with volume spiking to a staggering $2.7 billion in a mere 3 hours! This unexpected jump has sent ripples through the crypto community, leaving many wondering about the driving force behind this phenomenon. Is it market...
Over the past 24-hours, $2.7 billion worth of crypto buy-sell transactions took place on Coinbase. Now, it would seem obvious that the spike was caused by XRP. According to CoinGecko, the XRP/USD pair has accounted for more than 25% of the 24-hour volume on the Coinbase exchange, logging more than $1.7 billion in trades.
XRP has seen a surge in trading volume on Coinbase, surpassing Bitcoin in daily activity. The XRP/USD pair now accounts for over 23% of the exchange’s 24-hour volume, totalling $1.7 billion. XRP accounted for 25% of Coinbase’s 24-hour trading volume, surpassing Bitcoin with $1.7 billion in trades. Globally, XRP ranks third in trading activity with $20 billion in volume.
This performance placed XRP above Cardano (ADA), BNB, and Solana (SOL) in terms of rolling average dollar volume. According to CoinGlass, XRP/USD volume surged recently. At quarter-end, XRP traded at $2.09, with a significant impact on Coinbase's overall trading statistics.