Coinbase’s Q2 report reveals XRP continued to outperform Ethereum in retail trading revenue, despite an overall decline in transaction volumes. Legal clarity and shifting market narratives played key roles in these trends.
- XRP's retail trading share on Coinbase rose to 13% in Q2, surpassing Ethereum's 12%, driven by legal clarity from the SEC's Ripple case.
- Ethereum's Q2 recovery was fueled by institutional demand, ETF inflows, and ecosystem developments, outperforming XRP with a 38% return vs. XRP's 11%.
- Retail trading trends on Coinbase are highly reactive to price momentum, legal developments, and macro narratives rather than long-term platform engagement.
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