XRPL Monitor watches as Ripple continues to shift gargantuan amounts of XRP to major exchanges; Coinbase Pro is among the most frequently chosen destinations.
Besides, Coinbase Pro has also transferred a jaw-dropping amount of XRP—over 35 mln. As a reminder, Coinbase has a platform where its customers can wire funds across the world for free, using XRP and USDC stablecoin.
Ripple kicks 20 mln XRP over, Coinbase Pro gets half
XRPL Monitor has shared data about several major XRP transactions conducted over the past twenty-four hours. Among the senders was the blockchain decacorn Ripple.
The company made two transfers of 10 mln XRP each, totaling $5,615,431. Half of that amount was wired to the Coinbase Pro trading platform. The other half was transferred between Ripple's wallets.
Earlier, U.Today reported that Ripple also transferred whopping amounts of XRP, including to former CEO Chris Larsen.
Coinbase Pro sends away 35.128
San Francisco-based trading heavyweight Coinbase Pro, led by Brian Armstrong, has been spotted making several transactions bearing from 7 mln to 9 mln XRP, sending 35.128 mln XRP in total.
The analytics website Bithomp's data has revealed that these transactions were made between Coinbase Pro internal accounts.
Coinbase runs wire transfer service in XRP
For a couple of years, Coinbase has been running a free cash transferring service for its customers. Curiously, the cryptocurrencies that are offered for that purpose are XRP and USDC—the stablecoin launched by Coinbase together with the London-based firm Circle.
Since Aug. 27, the third largest coin, XRP, has been slowly recovering from a low of $0.25 and, at press time, XRP is changing hands at $0.2796.