Ripple announced the market report for the third quarter of 2018 on the 25th of this month and announced that sales for this term were $ 163.33 million (about 18.4 billion yen) . Sales in the second quarter were 75.53 million dollars (about 8.5 billion yen), so sales are more than doubled since the previous fiscal year .
The Q3 # XRP Market report in this XRP ecosystem over the last three months, including asset trading in Malta, hints at # crypto Wall Street adoption and why there was far less volatility in the markets this quarter. https://t.co/XYNp0D5S5F
– Ripple (@ Ripple) 25th October 2018
It is reported that the report also reported that 2.6 billion XRP of the company released the 3 billion XRP from the escrow account in the previous term was returned to the new escrow account. The remaining 400 million XRPs are described as being used in various ways to support the XRP ecosystem.
According to the report, in the third quarter the cryptocurrency market declined, many currencies lost market capitalization, and overall declined 12%. However, major financial institutions and institutional investors are supposed to be entering the cryptocurrency deal in earnest in the future.
As represented by its movement, Ripple’s sales to institutions increased by more than 500% from $ 16.87 million (about 1.9 billion yen) in the previous year to 980.6 million dollars (about 11 billion yen).
Article Source: Twitter, Ripple
Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/xrp-sales-doubled-in-q3/
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