Crypto Exchanges
By Julie Binoche
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Price Action Around the Reserve Drop. XRP had a strong August. The token surged nearly 30% during the month, trading around $1.
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ETFs Add Another Layer to the Outflows. Spot XRP ETFs launched in late 2025, and several big names are involved.
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What the Numbers Actually Tell Us. The Bitwise fund's growth from June to late August — 78 million XRP in roughly two months — gives…
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Binance's XRP stash is shrinking fast. The exchange has shed 500 million tokens since November 2025, pushing reserves down to roughly 2.
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The drop from 3.1 billion to 2.6 billion is significant, and it didn't happen overnight. Data from Cryptoquant, shared on social media, shows the reduction came through a net…
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XRP had a strong August. The token surged nearly 30% during the month, trading around $1.35 by September 1. By the time recent data was pulled, it had climbed further to $1.
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The reserve decline and the price rebound aren't perfectly synced. Cryptoquant's read is that monthly reserve averages tend to lag behind day-to-day price swings, so the two data…
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One piece of that picture is self-custody. A growing number of XRP holders are pulling tokens off exchanges and moving them into wallets they control directly.
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Spot XRP ETFs launched in late 2025, and several big names are involved. Canary Capital, Bitwise, Franklin Templeton, Grayscale, and 21Shares all brought products to market.
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See also: Goldman Sachs Leads with $87.4 Million in XRP ETFs Amid $1.6 Billion Inflows
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So institutional buying is real and it's accelerating. But ETF-related purchases don't fully account for the 500 million XRP that left Binance.
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The broader pattern is still worth watching. Institutional players entering the XRP market through regulated products changes how tokens flow across the ecosystem.
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Binance itself hasn't said anything about it. No statement, no commentary, no acknowledgment. Reached for comment, the exchange didn't respond publicly on the matter.
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The Bitwise fund's growth from June to late August — 78 million XRP in roughly two months — gives a rough sense of the institutional appetite. At $502.
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Read also: Google Gemini Predicts XRP Surge to $2.75 as $1.68 Billion Floods ETFs
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