Ripple's XRP doubles institutional money by paying in the third quarter of 2018

Under the & # 39; Insights & # 39; tab – San Francisco's blockchain technology startup, Ripple, published its Q3 2018 report on its website. Based on the report, XRP sales doubled from the second quarter of $ 73.53 million to the current value of $ 163.33 million of the virtual asset.

In the third quarter of 2018, Ripple has programmatically sold $ 65.27 million of XRP. This represented 0.172 percent, or 17.2 basis points of the total XRP volume traded globally in the third quarter.

In addition, XRP II, LLC – a subsidiary of Ripple which is a registered and licensed monetary services company (MSB) – has sold $ 98.06 million of XRP dollars in institutional direct sales. In total, the company sold $ 163.33 million of XRP in the third quarter.

Most come from the growing interest of institutional investments to reach fast money in the third quarter of 2018. Two months ago, Ripple CEO Brad Garlinghouse predicted the current movement that is taking place in the crypto-industry with the institutional launch. of sales:

"Q3 will surely be a record of institutional participation in the purchase and interest in keeping XRP,"

Ripple & # 39; s Report

In the last report he was quoted and named as best quarter ever because of the countable growth of customers, what topic was not noticed in the new release that would be made on standards in the event of a significant increase / change in new customers.

Last related XRP:

– Changelly, a trusted exchange of cryptocurrencies with low commissions and proven trust, is opening the XRP-fiat market by allowing investors to buy XRP using Visa and MasterCard debit and credit cards.