Coinbase Premium for XRP, SOL, and ADA Hits New Heights Following Trump's Crypto Reserve Declaration
Finance/Markets

Coinbase Premium for XRP, SOL, and ADA Hits New Heights Following Trump's Crypto Reserve Declaration

Following President Trump’s announcement regarding a strategic crypto reserve, XRP, SOL, and ADA experience a significant surge on Coinbase, indicating robust U.S. demand.

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Key Highlights:

  • XRP, SOL, and ADA have seen a significant increase in their prices on the Nasdaq-listed Coinbase platform, indicating a strong demand in the U.S. post-Trump’s announcement.
  • The premium for these tokens on Coinbase reached its highest since February 3, while Bitcoin and Ethereum also show slightly elevated values on Coinbase compared to Binance.

U.S. President Donald Trump stated that Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) could form the foundation of the proposed strategic crypto reserve, igniting a swift price rally among these tokens.

This spot-led increase resulted in these tokens trading at a marked premium on Coinbase versus the overseas exchange Binance, as reported by TradingView.

  • The Coinbase premium for XRP, SOL, and ADA peaked, confirming trends observed in previous price rallies.

Read more: Bitcoin Jumps Above $91K After Trump’s U.S. Crypto Reserve News Brings Bulls Back

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Trump's Presidency and the Skepticism Surrounding U.S. Bitcoin Reserve

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