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: