Coinbase, the largest crypto currency exchange in the United States, is carrying on the gradual, yet sharp Ripple (XRP) reserve reduction. The pattern occurred last summer, when multiple stats-tracking blockchain agencies noted the difference in cold & hot crypto wallets.
This noticeable downswing occurred on September 13, 2025, putting Coinbase’s XRP reserves briefly below 100 million coins. That rebounded to slightly over 100 million in Coinbase’s XRP stash the very next day and currently stands at 100.553 million across 6 cold & hot storage wallets.
Indeed, the storage was cut from 60 crypto wallets in June, 2025 to just 6 wallets now. The major crypto platform started off September with 10 wallets, now dropping to a staggering figure of six with approximately 16.5 million in Ripple tokens each.
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This constitutes a mouth-dropping deficit of 264,498,317 XRP tokens in 30 days, or a 72% monthly drop.
One key reason behind this is the lack of speculative demand for Ripple’s native token on Coinbase, as XRP Futures & Derivatives are way more popular on Binance, Bybit than on Coinbase. Upon Hyperliquid’s arrival, the new platform outnumbered Coinbase’s volumes as well.
Key Implications Behind Coinbase’s Drastic XRP Cut
Out of a $6.3 billion in mutual Futures volumes across exchanges, Coinbase garnered just $47.35 million, while Binance is flipping leveraged market volumes in the billions. Aside from this discrepancy, some Coinbase’s largest customers, including institutions, are hoarding Ripple coins (XRP) in the decentralized finance (DeFi) territory, particularly in self-custodial wallets.
This coincides with the major victories for crypto legislation this year, including Ripple’s $50 million settlement with the United States Securities and Exchange Commission (SEC) after a 6-year intensively fought legal battle. As both market experts & spectators agree on a 90% chance of an altcoin exchange-traded fund (ETF) launch this year, the odds are on XRP’s side.
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People Also Ask:
In the crypto space, Coinbase has been offloading a massive chunk of their XRP reserves—now down to just 6 wallets holding the remaining stash. This signals a big shift in their portfolio strategy.
As regulatory clouds clear up for XRP, Coinbase is likely reallocating assets to chase higher-yield opportunities elsewhere. It’s a classic move to optimize liquidity in the volatile market.
Exactly 90% of their original XRP holdings have been emptied, leaving a skeleton crew of wallets. This gradual exit has been unfolding over months, keeping the community on edge.
It might pressure prices short-term, but on the flip side, it could spark retail FOMO if seen as a bullish signal. Overall, XRP’s fundamentals remain HODL-worthy in the long term.
Not necessarily—diversifying reserves is standard play in crypto. However, watch for broader exchange trends, as this could influence sentiment across the altcoin ecosystem.
