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Ripple’s Q4 XRP Sales Up 46% Compared to Q3

January 29, 2022 - Around 2 mins mins to read

According to the company’s recently released Q4 report, Ripple’s XRP sales saw a 46% increase over the previous quarter.

Specifically, sales to on-demand liquidity (ODL) customers exceeded $1 billion in the fourth quarter. This underscores the growth of the company’s payment solution.

Ripple's Q4 XRP Sales

Ripple says it continues to see greater global demand for its ODL product, which currently has 20 payment markets.

It also bought $321.97 million worth of XRP on the secondary market.

Overall, Ripple sold a total of $717 million in the fourth quarter, compared to $491.74 million in the third quarter.

The company has not had any programmatic sales since the fourth quarter of 2019, meaning that it did not sell any XRP on exchanges in the fourth quarter.

Ripple CEO Brad Garlinghouse recently said that with $1 billion in the bank, his company is in its strongest financial position yet. After a share buyback, the San Francisco-based distributed ledger provider achieved a valuation of $15 billion.

The report also notes that XRP global trading volume has decreased by 11.8% (from $2.075 billion to $1.83 billion in Q4 2021).

Ripple sales accounted for 0.43% of total trading volume in the most recent quarter.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Ripple’s Q4 XRP Sales Up 46% Compared to Q3

According to the company’s recently released Q4 report, Ripple’s XRP sales saw a 46% increase over the previous quarter.

Specifically, sales to on-demand liquidity (ODL) customers exceeded $1 billion in the fourth quarter. This underscores the growth of the company’s payment solution.

Ripple's Q4 XRP Sales

Ripple says it continues to see greater global demand for its ODL product, which currently has 20 payment markets.

It also bought $321.97 million worth of XRP on the secondary market.

Overall, Ripple sold a total of $717 million in the fourth quarter, compared to $491.74 million in the third quarter.

The company has not had any programmatic sales since the fourth quarter of 2019, meaning that it did not sell any XRP on exchanges in the fourth quarter.

Ripple CEO Brad Garlinghouse recently said that with $1 billion in the bank, his company is in its strongest financial position yet. After a share buyback, the San Francisco-based distributed ledger provider achieved a valuation of $15 billion.

The report also notes that XRP global trading volume has decreased by 11.8% (from $2.075 billion to $1.83 billion in Q4 2021).

Ripple sales accounted for 0.43% of total trading volume in the most recent quarter.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page