Ethereum

Bitcoin

Read

Billion

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The trading volume of popular cryptocurrency<a href="https://u.today/xrp-whale-activity-hits-all-time-high-as-price-eyes-3-details">XRP</a> on the leading U.S. crypto exchange over the past 24 hours has temporarily exceeded the combined turnover of Bitcoin (BTC) and<a href="https://u.today/vitalik-buterin-mocks-sam-bankman-fried-as-he-unveils-ai-backed-ethereum-wallets">Ethereum (ETH)</a> today.
According to data presented on<a href="https://coinmarketcap.com/exchanges/coinbase-exchange/">CoinMarketCap</a>, the turnover of XRP on Coinbase during the period in question amounted to almost $2 billion, while the trading volume of BTC and ETH amounted to no more than $1.9 billion, of which the main cryptocurrency was responsible for almost 79%. Therefore, the dominance of XRP in terms of volume on the largest exchange in the U.S. at one point amounted to more than 20%.
<img src="https://u.today/sites/default/files/inline-images/xrpcoinbase.png" data-entity-uuid="e5c5989b-ebfd-41a6-b283-b077afb15d2d" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://coinmarketcap.com/exchanges/coinbase-exchange/&quot;>CoinMarketCap</a>">
This might have been more surprising if not for the hype around XRP that has erupted in recent weeks, as the price of one of the largest cryptocurrencies has risen nearly 400%, and how it has done so - almost nonstop. As a result, XRP has become the third largest crypto asset on the market, its capitalization exceeds $140 billion and crypto enthusiasts are seriously speculating whether the altcoin can upend not only Ethereum but also<a href="https://u.today/12-bitcoin-for-001-transaction-unfolded-15-years-ago-details">Bitcoin</a> itself.
Now, trading on Coinbase has returned to normal, and the combined turnover of Bitcoin and Ethereum exceeds that of XRP, but the latter still holds the top spot in terms of volume, currently at $2.086 billion.
In total, XRP's cumulative trading volume across all markets now stands at $50 billion, according to CoinMarketCap. According to this indicator, the token is the third largest crypto asset after the popular USDt stablecoin and BTC. <a href="https://u.today/xrp-takes-over-bitcoin-ethereum-and-coinbase-with-2-billion-volume-surge">Read original article on U.Today</a>

XRP Overtakes Bitcoin, Ethereum and Coinbase With $2 Billion Volume Surge

U.Today

Other articles published on Dec 3, 2024

This Metric Suggests BTC Could See Sharp Uptick Within the Next 2 Months

Tezos Launches First Blockchain-based Uranium Marketplace

Best Cryptocurrencies to Invest in Right Now December 3 – Aave, Solana, Maker

Orbitt Staking Goes Live With Almost $2M in ORBT Rewards (3 Dec)

Perennial Unveils a Novel Intent Layer for Perpetuals – Solving DeFi’s Fragmented Liquidity Problem

New opportunities for MAJOR Tokens holders with Bybit’s Exclusive Limited-Time Event

Join our free newsletter for daily crypto updates!