XRP’s Q3 Sales Are Back at Q1 Level

News
Thu, 10/25/2018 - 19:13
Yuri Molchan
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
Cover image via U.Today

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 is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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