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Crypto

Ripple\'s RLUSD lists on Coinbase, opens access at top U.S. crypto exchange

Ripple’s dollar-pegged stablecoin RLUSD has been listed on Coinbase, the largest U.S. cryptocurrency exchange. Retail and institutional clients can trade and manage RLUSD across Coinbase Prime, the Coinbase exchange and the Coinbase retail app, with 1-for-1 conversions from U.S. dollars and supported dollar-denominated stablecoins. Coinbase also supports RLUSD deposits and withdrawals on XRP Ledger, Base and Ethereum. Ripple said RLUSD’s market value has risen to about $2.58 billion.

Crypto

Bitcoin beats S&P 500 on most trading days, but monthly performance lags

Bitcoin has again topped the S&P 500 on more than half of trading days, but it continues to lag in month-to-date performance. Data cited by CryptoSlate showed Bitcoin’s daily relative win rate versus the S&P 500 recovered from about 20 percent in June to above 50 percent recently. From Oct. 1 to Oct. 26, Bitcoin outperformed on 10 of 18 sessions but fell 4.25 percent while the S&P 500 rose 0.33 percent. Flows concentrated in BlackRock’s iShares Bitcoin Trust, while spot demand remained weak and downside hedging demand increased in options.