Ripple Sold $251 Million in XRP in The Second Quarter of 2019

Ripple Sold $251 Million in XRP in The Second Quarter of 2019

Yesterday, July 24, the company Ripple published a financial report for the second quarter of 2019, according to which XRP sales increased by 48% compared with the previous quarter – to 251 million US dollars. Institutional sales increased by 73%: from $61.9 million to $107.9 million. Despite this raise, the company has announced plans to reduce XRP sales in the future:

“Ripple plans to take a more conservative approach to XRP sales in Q3.”

The company is going to exit some over-the-counter markets to focus on the most liquid ones. But despite the increase in sales of the XRP token, the company’s global sales fell by 28%.

We want to remind:

Ripple CEO will Send Champagne to Libra Management for Promoting Their Business

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