Institutional investors buy XRP at a record rate: Ripple CEO

Ripple CEO Brad Garlinghouse says that Wall Street investors are buying and holding XRP at a record rate.

During a live AMA on YouTube, Garlinghouse said the company's next quarterly report on how much XRP sold will sell will reveal the sharp increase in interest.

"One of the things I'm going to do for a future announcement: we will be reporter for the XRP Q3 t markets, which we always share, where we are seeing the institutional participation in the purchase of XRP. of institutional participation in the purchase and interest in maintaining XRP. "

Garlinghouse also spoke about transparency in the cryptocurrency space, addressing the opening of Ripple regarding the fact that it holds 60% of the total supply of XRP, of which about 91% is currently stuck in the undertaking.

"Ripple will continue to focus on: are we solving real problems, and we want to make sure that we can create a more transparent XRP ecosystem as a participant in that ecosystem … We have been, I think, more proactive and transparent than any other major actor In this space, people say, "Well, you have lots of XRPs." Well, we do not know how much Ether or other important players know, at this point we are more transparent. "

As for investments institutional in the cryptocurrency space in general, Garlinghouse said it seems that the bigger players are starting to move.

"The announcement of ICE and their planned exchange called Bakkt, with the participation of a handful of participants, I think it is a big problem and I think it is indicative of where the world is going. more players, and I think it's a good sign.This is indicative of the maturation of the industry.I always liked to say that we are still at that small stadium and we have a way to go.And since the main participants enter the market, I think that is a big step forward. "

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Keep in mind that The Daily Hodl participates in affiliate marketing.

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