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Ripple moves 50M XRP to Bybit, signaling global liquidity strategy beyond Coinbase.

Market News
22 Apr 2026
UToday
View Source
Neutral
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Ripple recently transferred 50 million XRP, worth about $71.5 million, from its reserves to Bybit, following a prior $108 million move to Coinbase. This shift indicates Ripple's strategy to diversify liquidity across global platforms, not just U.S.-based ones, supporting its 'North Star' plan to enhance XRP's use in cross-border payments and derivatives markets. By distributing XRP to multiple venues, Ripple aims to avoid market disruptions and prepare for large institutional orders amid growing regulatory clarity. This move suggests Ripple is actively managing XRP liquidity rather than selling off its holdings.

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