XRP leads volume trends on Coinbase, with BTC and ETH taking second and third places.
On Binance, bitcoin is still the most in demand.Bitcoin retains the top spot on Binance.) as the most-traded digital asset on Coinbase , the Nasdaq-listed cryptocurrency exchange that's seen as a proxy for U.S. demand.
Bitcoin retained its position as most-traded crypto asset on Binance, the largest exchange by volume, which is off-limits to U.S. investors. Volume trends are consistent with the recovery in the U.S. demand for XRP, which is closely linked to blockchain-based payment network Ripple,Interest in XRP, the biggest gainer following Donald Trump's election victory in November, increased after Ripple CEO Brad Garlinghouseof Coinbase's 24-hour trading volume of $6.86 billion. The BTC/USD pair ranked second, contributing 20% with ETH/USD in third place, according to data source Coingecko.
Since November, the payments-focused cryptocurrency's price has risen over 600% to $3.33, the highest since 2017. The valuation has increased by a third this week alone, according toand a spike in the number of large holders. Data tracked by TradingView and CoinMetrics show the number of unique addresses holding at least $100,000 worth of cryptocurrency has increased to 108,540.
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