XRP Outranks ETH on Top Japanese Crypto Exchange

XRP adoption on SBI VC Trade has outranked Ethereum as the broader market has shifted significantly, placing the former on top.

SBI VC Trade, the cryptocurrency exchange arm of Japanese company SBI Holdings, recently highlighted the outstanding performance of Ripple-associated token XRP over Ethereum (ETH). According to the report, XRP came second, outranked only by Bitcoin (BTC), the largest cryptocurrency by market capitalization. 

XRP Leverages Long-standing Presence in Japan

SBI VC Trade announced the ranking of trading amount by stock for spot trading on its platform in March 2025. BTC held the first position, followed by XRP and then ETH. This position was visible in the different trading pairs as the XRP/JPY pair surpassed the ETH/JPY pair. 

Solana (SOL) and canine-themed Dogecoin (DOGE) held the fourth and fifth positions, respectively. Meanwhile, it is not a surprise that XRP rose to its current position, considering its long-standing strong presence in Japan and Asia in general. Moreso, SBI Holdings has an active working relationship with XRP.

Last year, SBI VC Trade announced it had become a validator on the XRP Ledger (XRPL). The deal offers SBI the opportunity to cast votes and help shape the governance of the XRPL, just like all other nodes. At the beginning of the year, SBI Shinsei Bank partnered with Ripple to use the XRP Ledger (XRPL) to strengthen international money transfers.

The region recognizes and appreciates the speed, ease, and cost-effective options that the XRP ecosystem offers. SBI Shinsei Bank hopes to tackle the challenges associated with international transactions by leveraging the XRPL. Therefore, the increased use of XRP and other products in the protocol likely contributed to its surge in dominance. 

XRP Percentage Price Gain Beats ETH

Asia is not the only region with a greater demand for XRP than Ethereum. Bitso, one of the major cryptocurrency platforms in South America, reported that XRP surged among Latin American users. For all digital asset purchases on the platform, XRP accounted for 9%. Ethereum stood at 5%, Solana at 4%, Dogecoin at 2%, and PEPE at 6%. 

This outlook suggests that  XRP is gradually becoming more popular than several widely known tokens, including ETH and SOL. 

At the time of this writing, XRP traded at $2.32, following a 6.97% increase within the last 24 hours. ETH, on the other hand, has recorded only a 0.19% increase within the same period. It is now trading at $1,807.67 per CoinMarketCap data.

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