XRP’s Q3 Sales Are Back at Q1 Level

Thu, 10/25/2018 - 19:13

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

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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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Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.