Based on information from CoinGecko, it’s been found that over a quarter (25%) of the daily trading volume on the Coinbase platform is attributed to the XRP/USD pair.
On the foremost U.S. cryptocurrency trading platform, it recorded over $1.7 billion in trading volume.
For comparison, the BTC/USD pair comes in second place with $1.3 billion (19.6%).
In summary, the digital token associated with Ripple ranks third globally in terms of trading activity, just below Bitcoin and Ethereum. The remarkable figure of $20 billion signifies the total amount of this token that has been traded so far.
As reported by U.Today, the XRP token reached a new record high on Thursday after seven years.
Approximately $18 million value of XRP short positions have been closed out in the last 24 hours, as per data from CoinGlass.
The combined value of all outstanding XRP future contracts now stands at $8 billion, following a 8% rise in the past day.
These developments unfolded following whispers about the possible creation of a U.S. reserve for American coins similar to XRP, as initially suggested by the New York Post. This news has ignited much discussion within the community. Nevertheless, it is advisable to approach these rumors with caution.
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2025-01-17 09:14