Ripple Sold Two Times More XRP Coins in Q3 Than in Q2

Ripple Sold Two Times More XRP Coins in Q3 Than in Q2

Ripple is confidently making money. During the third quarter of 2018 Ripple Labs, Inc. gained two times more in sales of XRP coins than within the previous quarter. In a quarterly report the tech entity, headquartered in California, also shared the numbers of total XRP sales in Q3.

3 Million XRP Tokens "Emitted" in Q3

On October 25, Ripple, the business entity which runs the third most valuable cyber-coin on the market XRP, issued a quarterly report. The document states that within Q3 Ripple managed to gain two times more than during Q3 only thanks to XRP sales. In particular, its sales made up $163.33 million. Notably, in Q2 Ripple sold $73.53 million.

Our top trading bots

As per the report, the revenues from XRP sales were apportioned between Ripple itself and its affiliate XRP II, LLC. If the former gained $65.27 million, the latter saw $98.06 million as the proceeds from sales.

Another stats shows the significance of Ripple’s Q3 returns. Within this period, the report indicates, the entity gained 0.172% of the entire XRP volume traded worldwide, whereas, within the previous quarter, that mark was 0.125%.

The explanation of why this is taking place is yet to be seen.

Interestingly, within the same quarter in 2017 Ripple sold $19.6 million worth of its coins in a direct way. In the meantime, $32.6 million were sold programmatically.

It is noteworthy that in both quarters the business issued the equivalent quantity of tokens — 3 billion of XRP out of escrow each. The entity added that the remaining 400 million coins did not turn to escrow. However, they are used differently to support the entire system.

Also, the organisation stated that the volatility of its coins was predominantly weak in Q3 this year. The increase took place only in the last few weeks of the period, as well as the price also went up.

As of writing, the price of XRP makes up $0,458, which is 0,35% higher than a day ago. Within the past three months, XRP's price made a small leap from $0,27 to $0,59.

It is recalled that at the end of summer, Ripple revealed it had added three virtual money exchanges to xRapid, the entity's payments settlement product. They are Bitso, CoinsPh and Bittrex. The move, Ripple initially declared, was envisioned to help financial entities get an account with the US trading venue.

Price analysis 2/25: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
The U.S. equity markets and Bitcoin (BTC) have rebounded sharply from their Feb. 24 lows while gold has made a retreat from its recent highs. This indicates...
Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status
2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across...
Bitcoin toys with $60K as crucial price support level sees multiple retests
Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst:...
Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November
A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern.The classic bearish...
New proposal aims to raise Binance Coin value by burning BSC fees
Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain...
Gensler confirms SEC won't ban crypto ... but Congress could
Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban...
Kyrgyzstan reportedly introduces regulations for crypto exchanges
The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a national regulatory framework for crypto trading platforms.Kyrgyzstan’s...
Binance to restrict derivatives trading for Hong Kong users
Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives...
Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B
Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security...
Chainlink releases new whitepaper in a shift toward smart contract computations
Chainlink (LINK) has unveiled its new whitepaper on Thursday, which details a planned expansion and pivot into creating oracle networks for computation....
Crypto media runs with the bulls as new entrants compete against established brands
New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment...
Crypto-Mogul McAfee Admits Not Paying Taxes for 8 Years, Flees the US
John McAfee, a controversial cryptocurrency personality, has fled the US upon being indicted by the country’s tax authorities. The American entrepreneur...
Game Machine Project Ends Its ICO
The gaming industry is reportedly worth in excess of $115 billion worldwide. There are over 2.3 billion gamers across the planet and over 55,000 new titles...
Qlink ICO - Quite an Ambitious Project
Sick of ICOs, that seemed to be scams? Ok, guys, we got something for you. Meet the Qlink - the world’s first decentralized mobile network.The Qlink ICO...
How Bitcoin Cash Will Stop User Fund Loss
The gap between the Bitcoin and its "offspring" Bitcoin Cash is not just ideological — it is potentially dangerous. Many months of technical quirks resulted...