Coinbase’s XRP Holdings Plummet, Losing Ground to Competition

Recent data reveals that Coinbase is losing its grip on the XRP market, with their holdings significantly decreasing from over 780 million tokens in July to a mere 132 million today. This drop puts them behind rivals like Kraken (185 million) and Binance, Upbit, and Uphold. The decline is particularly striking, as Coinbase held over 60 wallets with positive balances during this time. A recent transfer of approximately 16.5 million XRP in smaller amounts suggests a steady reduction.