Ripple and XRP News
Ripple Shares Its Market Report Highlighting Growing Demand For Its ODL Service
Ripple, a blockchain firm based in San Francisco has released its market report for the first quarter of the current year in which it has pointed out some of the developments that it witnessed in the first quarter.
According to the report, the demand for the company’s On Demand Liquidity (ODL) service has grown exponentially within the past few months. A part of the report also talked about some of the updates coming from the ongoing lawsuit between the blockchain payments giant Ripple the United States Securities and Exchange Commission (SEC).
The quarterly report of XRP market sales revealed that the total sales of XRP in the Q1 of the current year surged high to record the figure of over $150 million. This is a significant growth witnessed by the company in a single quarter. Comparatively, this growth is nearly 97 percent more than that of the last quarter in which the figure was noted to be standing at $76.27 million. As per the report, the further details include:
“Total sales by Ripple, net of purchases, ended the quarter at 7 basis points or 0.07% of global XRP volume, according to CryptoCompare TopTier (CCTT) volumes.”
It particularly talked about the growth of its On Demand Liquidity (ODL) which the firm said has grown potentially in the past quarter and the demand for this service is still growing rapidly. The company stated in the report that in order for them to come upon the growing demand of its ODL, it had to acquire a stake of 40 percent in the major cross-border payments firm Trianglo.
While talking about the performance of the company, the Chief Executive Officer of Ripple Brad Garlinghouse said that the firm was able to grow and expand its business across the Japanese as well as the Asian markets.
Leave a Reply
XRP to Reach $1 in the Coming Weeks With Summary Judgement Forthcoming
Ripple vs. SEC: Crypto Community Anticipates Landmark Case Outcome
SEC Draws Criticism as it Responds to Ripple’s Letter of Supplemental Authority
Ripple Move 120 Million XRP Tokens Following a Recent Price Hike
Ripple Gets Support from the Former Critic Ryan Selkis, the CEO of Messari
Recent Press Release
Involving Bitcoin For Online Health And Wellness
The continuous discussion of cryptocurrency in the world of Corporate Wellness is initiated with a unit to create awareness. Before...
The Primary Challenges Limiting Bitcoin Adoption
The first step to overcoming any challenge is understanding what is at the heart of the issue. Bitcoin has been...
Why Comparing Bitcoin Prices Saves You Money?
For anyone interested in investing in cryptocurrency, surely the thought of deciding which asset to purchase must be maddeningly hard....
Makler Game. Play the game and learn trading
We want to tell you about an interesting game that has appeared on the Internet and which will not only...
Bitcoin Trading: Advice and Methods for Novices
You could be questioning how to begin trading, whether you’re entirely new to the Crypto assets field or have a...
May 10, 2021 at 5:20 am
Good positive signs for ripple