Ripple published a new report: sales of XRP fell by 54%

Home » ALTCOINS » Ripple published a new report: sales of XRP fell by 54%
2018-07-25
Ripple published a new report: sales of XRP fell by 54%

Sales of XRP fell by 54% compared to the first quarter of this year, but the customer base of Ripple continued to grow. The report states that for the second quarter of 2018, coins were sold for $ 75.5 million, and in the first quarter – $ 167.7 million. However, direct sales of XRP II amounted to $ 16.87 million, which is $ 270,000 more than in the first quarter . At the same time, sales by third-party companies fell by 62% to $ 56.66 million.

“Most digital assets showed a decline in trading volume, which shows a dependence between cryptocurrencies. This correlation indicates that the market is at the initial stage of its development. When the industry becomes more mature, the division of the cryptocurrency will be more clear, “Ripple said.

The report also sates that 3 billion XRP tokens were issued from the escrow storage and 2.7 billion were returned back.

The company notes that, despite the fall in the price of XRP, the quarter was successful.

“This underlines the independence of XRP from Ripple,” the report said.

That lower volume notwithstanding, a number of the largest firms in finance made a series of announcements about moving into the space:

  • Goldman Sachs announced plans to start a digital asset trading desk.
  • JP Morgan named a head of “crypto-asset strategy.”
  • Nasdaq’s CEO Adena Friedman said it would consider becoming a crypto exchange.
  • Fidelity said it was building a digital asset exchange
  • Nomura became the first bank to offer custody services for digital assets.

These announcements are nascent efforts but seem to indicate widespread interest in digital assets from the largest names in finance. However, it’s important to note that these are announcements — they have yet to lead to meaningful institutional crypto trading. Nevertheless, it’s clear that financial institutions are beginning to build crypto divisions and establish technological solutions to take advantage of the opportunity at hand.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,080.12
  • ethereumEthereum$165.94
  • rippleXRP$0.329023
  • tetherTether$1.00
  • eosEOS$5.40
  • stellarStellar$0.115916
  • litecoinLitecoin$80.07
  • cardanoCardano$0.084868
  • tronTRON$0.026966
  • moneroMonero$67.78
  • iotaIOTA$0.320505
  • nemNEM$0.066420
  • dashDash$121.89
  • neoNEO$11.54
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 48
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018