Ripple Informs it Sold $129 Million Worth of XRP in Q4 2018

Ripple, one of the most popular companies in the crypto space has released new data regarding the last quarter of 2018. The information was released by Ripple a few hours ago.

One of the most important things is that the company sold $129.03 million worth of XRP in Q4 2018. In this way, during the whole of 2018, the company sold $535.56 million. That means that the sales made by the firm during the last quarter accounted for 0.24% of the global XRP volume.

In terms of volatility and volume, the company saw an overall settling of XRP volatility compared to the previous quarter. XRP’s volatility of daily returns was 5 percent, the lowest number registered since Q4 2016. Furthermore, the average XRP daily volume was $595.7 million, which is the highest quarterly average since the first quarter of 2018.

Furthermore, there are 30 new exchanges listing XRP all over the world. Now, there are more than 100 exchanges worldwide listing XRP. In the future, the number of companies adding support to XRP could keep growing.

Binance, one of the most popular digital currency exchanges in the market has also added XRP as a quote currency against Tron (TRX) and Zcoin (ZXC). This shows that there is a growing interest in using XRP as a base currency to transact funds between exchanges all over the world.

Since the beginning of the year, Ripple is releasing interesting information about the growth of its network. The company informed that they have reached 200 customers in more than 60 countries. Some of them are already working with the xRapid product that uses XRP for on-demand liquidity.

Some of the firms that are working with this solution are MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union, which will be using xRapid on behalf of their customers to create a new cross-border payment service.

At the time of writing this article, XRP is being traded around $0.314 and it has a market capitalization of $12.91 billion. During this last quarter, XRP was able to surpass Ethereum (ETH) as the second largest digital asset in the market. This shows that Ripple and XRP continue to grow amid a bear market that has affected the whole cryptocurrency space.

According to the cryptocurrency trader Peter Brandt, who predicted Bitcoin market crash at the beginning of January 2018, believes that XRP is ‘definitely coiling up.’

In the future, XRP could continue to grow and improve its performance in the market.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Isn't Budging Because Altcoins Are Out-Trading & Outperforming it

2020 started out bullish for Bitcoin, which went to $10,500 in February, but it didn’t stay that way for long. In March, BTC crashed...

Brave Browser Adds Gemini Crypto Exchange Trading Widget On Its Nightly Version

Gemini exchange announces a partnership with a privacy-focused browser, Brave, to integrate a trading widget app on the Brave Nightly version. This provides a...

Twitter Hacker Managed to Scam Only 12 Bitcoin After Duping Major Accounts Using ‘Internal Tools'

A security incident on Twitter duped businesses and people into sending at least $120,000 worth of Bitcoin to an anonymous online wallet, half of...

Huobi Becomes The Latest Exchange to Enter Bitcoin Options Market With a Q3 Launch Date

The bitcoin derivatives market has seen some astonishing demand this year with the trading volumes soaring all-time highs. The derivative market that primarily dominated...

Kingdom Trust Nominates Fidelity Digital Assets For Bitcoin Custodian of Its Choice IRA's

Kingdom Trust has appointed Fidelity Digital Assets to power its recently launched Choice retirement account, which features an array of assets including Bitcoin. Fidelity will...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today