XRP’s Q3 Sales Are Back at Q1 Level

  • Yuri Molchan
    📰 News

    In Q3 sales of Ripple amounted to $163.33 mln in XRP compared to the previous quarter when the revenue was $75.53 mln. The majority of the profit is direct sales


XRP’s Q3 Sales Are Back at Q1 Level

Blockchain platform Ripple has published a Q3 Market Report on XRP. The document shows that in Q3 sales amounted to $163.33 mln in XRP compared to the previous quarter when the revenue was $75.53 mln.

The majority of the profit was generated from direct sales to financial institutions. However, in Q1 Ripple sold XRP for $167.7 mln and it has not overcome that result yet.

Last quarter Ripple also released 3 mln XRP from the frozen accounts. Part of those coins is being used to support the platform.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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