Coinbase currently holds roughly 132 million XRP in cold storage across eight wallets, as on-chain analytics by @XRPwallets show. This decline from prior hundreds of millions coincides with Coinbase’s institutional integration with BlackRock’s Aladdin, likely shifting custody or access for large institutional clients.
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132 million XRP remains on Coinbase
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Decrease from ~200M last week and ~750M previously, per on-chain data
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Coinbase–BlackRock Aladdin integration may explain institutional redistribution
XRP at Coinbase now ~132M in cold storage; learn why this drop matters and what BlackRock’s Aladdin integration implies. Read analysis and next steps.
How many XRP remain at Coinbase?
XRP at Coinbase currently totals about 132 million tokens, held across eight cold wallets with roughly 16.5 million XRP each, according to on-chain analytics from @XRPwallets. This marks a sharp fall from earlier reported balances of ~200 million and a prior ~750 million.
Is the decline in Coinbase XRP linked to BlackRock’s clients?
On-chain observers and industry analysts suggest the drop may be related to Coinbase’s integration with BlackRock’s Aladdin platform. Coinbase is reportedly enabling Aladdin institutional clients to access crypto, which could shift custody arrangements and reduce on-exchange cold holdings.
Aladdin initially offered institutional Bitcoin access in August and is documented in industry reporting as expanding crypto product support over time. This institutional flow could explain redistributed XRP without indicating liquidation.
What does the on-chain data show?
On-chain analytics from @XRPwallets show eight remaining cold wallets on Coinbase, each holding about 16.5 million XRP. The platform’s aggregate cold storage fell from approximately 750 million to ~200 million, and now to ~132 million within recent weeks.
Who reported this data and how reliable is it?
The data originates from public ledger analysis by @XRPwallets and similar on-chain trackers. These tools trace wallet balances and transfer patterns; while publicly visible, interpretation requires caution since custody transfers can be between internal or institutional-controlled addresses.
How might this affect XRP market dynamics?
Front-loaded institutional access can reduce exchange liquidity if large allocations move to custodial or fund platforms. Reduced exchange-held supply can tighten sell-side depth, potentially increasing volatility during large orders.
What should investors and institutions watch next?
- Monitor on-chain movements: Watch wallet consolidations and outflows reported by analytics accounts like @XRPwallets.
- Confirm product coverage: Track announcements about Aladdin’s supported assets to see if XRP is officially included for clients.
- Liquidity indicators: Observe order book depth on Coinbase and peer exchanges to assess immediate market impact.
How can an institutional client access XRP through Aladdin and Coinbase?
Institutions typically follow a three-step process to gain access via integrated platforms like Aladdin and Coinbase: eligibility verification, institutional onboarding with Coinbase, and confirmation of asset availability within Aladdin’s product suite.
- Verify institutional credentials with Aladdin administrators.
- Onboard to Coinbase’s institutional services for custody/trading.
- Confirm XRP is listed and supported in Aladdin for trading or custody.
Frequently Asked Questions
How many cold wallets with XRP does Coinbase have now?
Coinbase currently shows eight cold wallets holding XRP, each with approximately 16.5 million XRP, totaling about 132 million XRP in cold storage.
Does this mean Coinbase sold XRP?
Not necessarily. On-chain transfers can represent custody moves to institutional safes or third-party custodians rather than market sales. Further verification from institutional custodians would clarify intent.
Key Takeaways
- Significant decline: Coinbase’s cold storage for XRP dropped to ~132M from prior larger pools.
- Institutional integration: Coinbase–BlackRock Aladdin access may be reallocating XRP custody.
- Market impact: Reduced on-exchange supply can affect liquidity and short-term volatility; monitor on-chain flows and product announcements.
Conclusion
This analysis shows XRP at Coinbase has sharply declined to roughly 132 million tokens in cold wallets, likely tied to institutional access via BlackRock’s Aladdin. Market participants should watch on-chain analytics and official product announcements for confirmation and to assess potential liquidity and price implications.
