Ripple Sold $535 Million Worth of XRP

in #xrp6 years ago

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Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24.

Ripple Q4 sales accounted for 0.24% percent of global XRP volume
Three billion XRP released out of cryptographic escrow, 2.4 billion returned to escrow
Average daily XRP volume ($585.7M) was the highest since Q1 2018
XRP is now listed on over 100 exchanges worldwide

In Q4 2018, Ripple sold $88.88 million worth of XRP, programmatically. This represented 0.16 percent, or 16.2 basis points of the total XRP volume traded globally in the fourth quarter.

In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $40.15 million worth of XRP in institutional direct sales.

In total, the company sold $129.03 million worth of XRP in Q4. In 2018 overall, the company sold $535.56 million worth of XRP.

Find more: https://ripple.com/insights/q4-2018-xrp-markets-report/