Coinbase Exec Sees Solana as Emerging Third Option in Crypto Market

2025-11-16 13:15

Coinbase Asset Management president Anthony Bassili has highlighted the ongoing uncertainty in the crypto market regarding which assets to prioritize beyond Bitcoin and Ethereum. While Bitcoin and Ethereum continue to dominate investor portfolios, Solana is emerging as a potential third option due to its high-speed transactions and DeFi growth. However, Solana still faces a significant gap to XRP, which requires more liquidity and execution to close the gap. Bassili emphasized the need for clearer product-market fit for the next major contenders in the crypto space. Despite Solana's promising position, XRP's recent ETF debut recorded $58 million in volume, indicating its potential to compete if it can enhance its market presence.

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