Share this article
BTC
$78,745.31
-
0.15%ETH
$1,558.98
-
3.34%USDT
$0.9995
+
0.03%XRP
$1.9144
-
3.68%BNB
$554.31
-
0.07%USDC
$0.9999
-
0.01%SOL
$106.58
-
0.48%DOGE
$0.1483
-
2.14%TRX
$0.2286
-
1.95%ADA
$0.5813
-
0.52%LEO
$8.9279
+
0.47%TON
$3.0572
-
1.78%LINK
$11.39
-
0.84%XLM
$0.2321
-
3.41%AVAX
$16.88
+
3.70%SHIB
$0.0₄1142
+
0.85%SUI
$2.0168
+
3.35%HBAR
$0.1487
+
5.05%OM
$6.2648
+
5.46%BCH
$277.44
+
0.69%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2
XRP sales had slumped ever since Ripple paused programmatic sales during Q3 2019.
Ripple said Monday that it sold $32.55 million of its XRP cryptocurrency during Q2 2020, a 1,760% jump over Q1’s abysmal sales figures and the first signs of XRP sales growth in nearly a year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In its Q2 Markets Report released Monday, Ripple reported a surge in over-the-counter (OTC) XRP sales as it reaped the benefits of new liquidity-providing integrations with telco Swisscom Blockchain, swap execution facility Zero Hash and the crypto bank Sygnum.
- “Programmatic sales” – the third-party trading practice whose mid-Q3 2019 halt contributed to three consecutive quarters of falling XRP sales – will remain paused as Ripple focuses on OTC markets, the issuer said.
- XRP volume did not fare as well as sales figures in Q2. Average daily volume fell to 196 million from Q1’s 322 million. Total volume by dollar value nearly halved, to $17.86 billion, from Q1’s $29.68 billion.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
