The post Do Coinbase Wallets Have ‘ZERO’ XRP? Here’s What’s Happening appeared first on Coinpedia Fintech News
Coinbase, one of the largest U.S.-based crypto exchanges, now reportedly holds zero XRP in its cold wallets. Public data shows that just a few months ago, in June 2025, Coinbase had nearly 970 million XRP stored offline, worth around $2.8–$2.9 billion at the time. Over the past three months, those holdings have steadily declined, leaving no XRP in Coinbase’s long-term storage as of September 24, 2025.
Where Did All the XRP Go?
The XRP did not vanish from the market. Experts said that the tokens moved to institutional players, over-the-counter (OTC) desks, and private cold wallets that are not publicly visible. This aligns with trends seen earlier in the year, where exchanges began transferring large amounts of crypto to meet institutional demand.
Outflows started in early June, with XRP moving from Coinbase cold wallets to hot wallets, then quickly to
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