Ripple’s XRP Doubles Institutional Money Pouring-In in Q3 2018
Under the ‘Insights’ tab – the San Francisco based blockchain tech startup Ripple posted its Q3 2018 report on its website. Based on the report, XRP sales have doubled from the second quarter of $73.53 mil to the present $163.33 mil worth of the virtual asset.
In Q3 2018, Ripple sold $65.27 million worth of XRP programmatically. 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 Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $98.06 million worth of XRP in institutional direct sales. In total, the company sold $163.33 million worth of XRP in Q3.
The most is coming from the raising interest of institutional investing reaching the speedy coin in the third quarter of 2018. Two months ago, the CEO of Ripple Brad Garlinghouse foretold the present movement that is happening in the crypto-industry with the institutional sales rocketing:
“Q3 will definitely be a record of institutional participation in buying and interest in holding XRP,”
In the last report it was quoted and named as best quarter ever because of the countable customer growth, which topic was not noted out in the newest release which would have been done on standards if there is a major increase/change in new clients.
Latest XRP Related:
– Changelly, a trusted cryptocurrency exchange with low fees and proven trust record, is opening up the XRP–fiat market allowing investors to buy XRP using their Visa or MasterCard debit and credit cards.
“Time to buy XRP now! Convert USD or EUR to Ripple (XRP). Big news for Ripple fans and wise investors! You can seamlessly buy XRP on Changelly via our partner Simplex from now on. Give it a shot! Best investments, Changelly.”
New South Wales Police have arrested a 23-year-old woman in connection to a case of theft involving over $450,000 worth of Ripple cryptocurrency. The theft incident occurred in January when 100,000 XRP were illegally removed from the online wallet of a crypto owner.