🚨 Coinbase Drops Out of Top 10 XRP Exchanges – What’s Happening?

🌐 Fresh data reveals a major shift in XRP liquidity dynamics:

✅ Coinbase now holds just 132.4M XRP, falling behind Kraken (185M) and far behind leaders like Upbit, Binance, and Uphold, each securing billions in reserves.

✅ In early July, Coinbase held 780M XRP across 60+ wallets. Today, only 10 wallets remain active, averaging 16.5M XRP each.

🔑 Key reasons for the decline:

▫️ Institutional liquidity shift: CME’s XRP futures have pulled major players away from Coinbase’s perpetual markets

▫️ Massive outflows: A recent 16.53M XRP transfer was split across multiple new wallets

▫️ Falling demand on Coinbase, as global exchanges like Binance, Bitget, and Bybit dominate XRP daily volume (> $1B each)

#Coinbase #XRP #CryptoExchanges #Blockchain #DigitalAssets

https://coingape.com/coinbase-slips-from-top-10-xrp-exchanges-amid-price-manipulation-claims/?utm_source=linkedin&utm_medium=coingape