tl;dr
According to CoinGecko data, the XRP/USD pair represents over 25% of the 24-hour volume on Coinbase, with a trading volume of over $1.7 billion. XRP also ranks as the second most traded token on Binance, with a total trading volume of $20 billion. The token has reached a new record high, with a mark...
XRP/USD pair leads in 24-hour trading volume on Coinbase with over $1.7 billion
'Rich Dad Poor Dad' author compares XRP to Bitcoin, XRP hits new record high
XRP becomes second most traded token on Binance with $20 billion in volume
According to CoinGecko data, the XRP/USD pair represents over 25% of the 24-hour volume on Coinbase, with a trading volume of over $1.7 billion. XRP also ranks as the second most traded token on Binance, with a total trading volume of $20 billion. The token has reached a new record high, with a market cap of $187 billion, causing over $18 million worth of XRP shorts to be liquidated. Additionally, XRP ETF approval odds surged to over 70% on Polymarket. However, rumors about the U.S. establishing a reserve with coins like XRP should be taken with caution.
According to data provided by CoinGecko, the XRP/USD pair has accounted for more than 25% of the 24-hour volume on the Coinbase exchange. It logged more than $1.7 billion worth of trading volume on America's leading cryptocurrency trading platform. For comparison, the BTC/USD pair comes in second place with $1.3 billion (19.6%).
'Rich Dad Poor Dad' Author Reveals Big Asset Similar to Bitcoin: ‘Supply Low, Demand Up’ Bitcoin Reclaims $102K Amid Speculation About Strategic Reserve XRP Surpasses Bitcoin in Trading Volume on Coinbase XRP ETF Approval Odds Surge as Token Hits New Record High
XRP was also the second most traded token on Binance, the leading cryptocurrency exchange around the globe. Overall, the Ripple-affiliated token is in third place by trading activity (behind only Bitcoin and Ethereum). It has recorded a whopping $20 billion in trading volume.
As reported by U.Today, the XRP token reached a new record high on Thursday after seven years. With a market cap of $187 billion, the XRP token has a higher valuation than such major companies as Adobe, Caterpillar, and HSBC. More than $18 million worth of XRP shorts has been liquidated over the past 24 hours, according to CoinGlass data. XRP's total futures open interest has also reached $8 billion after recording an 8% increase yesterday.
This came amid rumors of the U.S. mulling over establishing a reserve with American coins of the likes of XRP. This was first reported by the New York Post, sparking plenty of speculation within the community. However, such rumors should be taken with a grain of salt. As reported by U.Today, XRP ETF approval odds also surged sharply higher on Thursday, surpassing 70% on popular crypto-powered betting website Polymarket.