XRP Flips Ethereum in Revenue on Coinbase as Trading Volume Surges

Move over, Ethereum—XRP just stole the revenue crown on Coinbase. The Ripple-backed asset is riding a wave of renewed trading interest, leaving ETH in the dust (for now).

Who saw this coming? The 'unsexy' altcoin—often dismissed by maxis—is suddenly the fee-generating champ on one of crypto's biggest exchanges. Trading volumes don't lie, even if bagholders' narratives do.

Here's the kicker: this isn't some obscure platform. Coinbase's retail army is voting with their wallets, and today's verdict is clear. XRP's liquidity play is winning where it counts—the bottom line.

Of course, tomorrow could bring a different story. Crypto's pecking order changes faster than a DeFi exploit. But for now, enjoy the irony—the 'banker coin' is out-hustling the smart contract darling. Just don't tell the ETH whales we said that.

The everything exchange

Coinbase CEO Brian Armstrong used the report to outline the firm’s goal of evolving into an “everything exchange,” a one-stop platform for all asset classes.

According to him, the crypto exchange would become a platform where users can access all tokenized assets in one place. Upcoming features will include integration with decentralized exchanges (DEXs), new derivatives, tokenized stocks, and early-stage crypto projects.

These offerings will reportedly roll out in the US over the next few months. Armstrong tied this expansion to the broader shift in US crypto policy under the Donald TRUMP administration, which has eased prior restrictions and encouraged innovation in on-chain finance.

The MOVE could accelerate user migration to on-chain platforms.

Danny Nelson of Bitwise noted that Coinbase’s integration with protocols like Morpho, already powering over $1 billion in BTC-backed loans on Base, shows how quickly users will embrace frictionless, on-chain services.

He added:

“Coinbase users value ease of access. They’ll make the jump onchain if you remove the friction of doing so.”