XRP’s Q3 Sales Are Back at Q1 Level

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

Thu, 25/10/2018 - 19:13

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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 interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.