XRP, SOL, ADA's Coinbase Premium Surges to One-Month High After Trump's Crypto Reserve News
Tokens traded at a notable premium on Coinbase relative to Binance after Trump announced strategic crypto reserve.
U.S. President Donald Trump on Sunday said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) could comprise the promised strategic crypto reserve, sparking a sharp rally in these tokens' prices.
The spot-led rally saw these tokens trade at a substantial premium on the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, compared to the offshore giant Binance, according to data source TradingView.
The so-called Coinbase premium for XRP, SOL, and ADA surged to the highest level since Feb. 3. BTC and ETH traded at slightly higher prices on Coinbase than Binance.
Since early last year, Coinbase premium has been a feature of price rallies, validating the bull runs. Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls Back
