Coinbase Cuts XRP Holdings by 57%, Impacting Market Liquidity

Major cryptocurrency exchange Coinbase has significantly reduced its holdings of XRP since June, shedding a whopping 57.4%. This move comes amid shifting regulatory landscapes and evolving reserve management strategies. Coinbase’s reduction in XRP reserves is poised to impact liquidity across the market, potentially altering institutional trading patterns. Analysts anticipate that these adjustments could prompt further scrutiny by regulators and necessitate new protocols for managing XRP on exchanges like Coinbase.