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XRP, SOL, ADA's Coinbase Premium Surges to One-Month High After Trump's Crypto Reserve News
Tokens traded at a notable premium on Coinbase relative to Binance after Trump announced plans for establishing strategic crypto reserve.
Updated Mar 2, 2025, 7:40 p.m. Published Mar 2, 2025, 6:21 p.m.
What to know:
- XRP, SOL, and ADA traded at a substantial premium on the Nasdaq-listed Coinbase exchange, indicating high U.S. demand following Trump's crypto reserve announcement.
- The Coinbase premium for the tokens reached its highest level since Feb. 3, with BTC and ETH also trading at slightly higher prices on Coinbase than Binance.
U.S. President Donald Trump on Sunday said that bitcoin , ether , XRP, solana and could comprise the promised strategic crypto reserve, sparking a sharp rally in these tokens' prices.
The spot-led rally saw these tokens trade at a substantial premium on the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, compared to the offshore giant Binance, according to data source TradingView.
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The so-called Coinbase premium for XRP, SOL, and ADA surged to the highest level since Feb. 3. BTC and ETH traded at slightly higher prices on Coinbase than Binance.
Since early last year, Coinbase premium has been a feature of price rallies, validating the bull runs.
Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls Back
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