XRP Finally Flips Ethereum on This Metric – Here’s What Happened

SBI VC Trade, the cryptocurrency exchange arm of Japanese financial group SBI Holdings, announced that XRP overtook Ethereum in trading volume on its platform in the last 30 days. Bitcoin remained the most traded cryptocurrency on the platform during the same period.

According to CoinPost, XRP/JPY trading volume surpassed that of ETH/JPY, pushing Ethereum into third place. The change highlights XRP’s growing popularity among Japanese investors.

Bitcoin’s dominance in trading volume remained unmatched, as Solana and Dogecoin claimed positions four and five, respectively. Through increased trading activities, XRP continues to demonstrate its dominant position in the Japanese cryptocurrency market.

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XRP’s trading activity intensified after the crypto platform Mercoin incorporated XRP into its offering under Mercari, which functions as Japan’s top resale marketplace.

This new XRP listing enables XRP purchases among over 20 million monthly active users who can utilize their balances, loyalty points, or bank transfers beginning at 1 Japanese Yen minimum.

Former Ripple executive Emi Yoshikawa noted that many users purchasing XRP through Mercoin are likely first-time crypto buyers. This listing could expose XRP to a broader audience beyond traditional cryptocurrency investors.

XRP’s New Advantage in Japan’s Crypto Market

XRP’s trading dominance can be traced to its deep roots in Japan’s financial ecosystem. The strong relationship between SBI Holdings and Ripple has built trust around the token among local traders.

The availability of XRP on a mainstream platform like Mercoin has expanded access to a broader consumer base. With low entry costs and familiar payment methods, XRP is positioned as an accessible option for new investors.

Japan’s clear regulatory environment has also contributed to boosting XRP’s adoption. The structured framework encourages the growth of established digital assets, helping XRP secure a leading position in the market. The shift in trading volumes indicates a change in investor preference within Japan, with XRP emerging stronger than Ethereum on SBI VC Trade.

XRP flipping Ethereum in trading volume on SBI VC Trade marks an important milestone. As mainstream accessibility increases, XRP’s influence in Japan’s cryptocurrency landscape grows steadily.

Also Read: Ethereum to Dominate Future Blockchains as Global Settlement Layer, Expert Says

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