Coinbase’s XRP holdings fell from about 780.13 million XRP to roughly 199.47 million XRP, a decline of ~580.66 million XRP. Data tracked by XRPwallets points to institutional flows tied to a Coinbase–BlackRock integration on BlackRock’s Aladdin platform as the most likely driver.
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Coinbase XRP holdings dropped ~580.66M XRP
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XRPwallets data shows Coinbase fell from 5th to 10th among exchanges by XRP balance.
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Coinbase–BlackRock institutional access via Aladdin likely shifted large XRP allocations to institutional custody.
Coinbase XRP holdings plunged ~580M coins; track the shift and institutional flows—read the full data-driven report by COINOTAG.
What happened to Coinbase’s XRP holdings?
Coinbase’s XRP holdings decreased sharply from 780.13 million XRP to 199.473 million XRP between early July and late August 2025. Exchange balance tracking by XRPwallets shows the drop moved Coinbase from 5th to 10th place among major exchanges, driven primarily by large institutional reallocation.
How did BlackRock influence Coinbase’s XRP stash?
Coinbase announced a partnership to give BlackRock institutional clients access to crypto via the Aladdin platform. That integration began with Bitcoin and expanded to other assets. Institutional onboarding on Aladdin likely triggered internal custody moves and withdrawals of exchange-held XRP into institutional accounts, explaining the sharp decline.
Analytics provider XRPwallets published updated exchange balance data showing the change. Historical listings from July 8 indicated Coinbase held 780.13 million XRP and ranked fifth by XRP balance. The updated snapshot shows Coinbase holding 199.473 million XRP and ranking tenth.
Which exchanges held the most XRP before and after?
Below is a concise comparison of exchange XRP balances based on XRPwallets snapshots cited in this report.
| Exchange | Snapshot (early July) | Snapshot (latest) |
|---|---|---|
| Upbit | 6.03 billion XRP | — (no change published) |
| Binance | 2.735 billion XRP | — (no change published) |
| Uphold | 1.907 billion XRP | — (no change published) |
| Bithumb | 1.635 billion XRP | — (no change published) |
| Coinbase | 780.13 million XRP | 199.473 million XRP |
Why does an institutional partnership reduce an exchange’s visible balance?
When institutional platforms like BlackRock’s Aladdin onboard clients, assets are typically moved from exchange hot/custodial wallets into institutional custody or segregated accounts. This reduces the exchange’s publicly visible on-exchange balance without implying a token burn or supply change.
On-chain tracking shows wallet movements but cannot always identify the ultimate custodial destination. However, coordinated timing between the Coinbase–BlackRock announcement and the observed outflows increases confidence in the institutional-flow explanation.
Frequently Asked Questions
How much XRP did Coinbase withdraw?
Coinbase’s publicly tracked XRP fell from about 780.13 million XRP to roughly 199.473 million XRP — a decline of approximately 580.66 million XRP based on XRPwallets snapshots.
Is BlackRock buying XRP directly?
Publicly available information shows BlackRock integrated Coinbase institutional access via Aladdin; direct BlackRock purchases are not confirmed in exchange-balance data, but institutional custody movements tied to Aladdin can explain on-exchange reductions.
Key Takeaways
- Major balance drop: Coinbase’s on-exchange XRP decreased by ~580.66M XRP.
- Institutional flows: Coinbase–BlackRock Aladdin integration likely prompted custody transfers.
- Data sources: Findings are based on XRPwallets exchange-balance tracking and Coinbase announcements.
Conclusion
This data-driven update shows Coinbase’s visible XRP holdings contracted sharply in the weeks after a Coinbase–BlackRock integration via Aladdin. The most plausible, evidence-aligned explanation is institutional custody transfers rather than token supply changes. COINOTAG will continue to monitor on-chain analytics and institutional disclosures for further confirmation.
