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Q1 2019 XRP Markets Report

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Well, here it is, Ripple Q1 2019 XRP Market Report.  What we have all been waiting for.  I am still waiting for Satoshi to release Bitcoin 2019 Quarter 1 report but I won’t hold my breath.

Let’s go over this report shall we:

Ripple sold $169.42 million of XRP in Q1 2019

  • Ripple’s Q1 sales accounted for 0.32 percent of global XRP volume
  • Three billion XRP were released out of cryptographic escrow, 2.30 billion returned to escrow
  • XRP is now listed on approximately 120 exchanges worldwide

 

Sales Summary (dollars in millions)Q4 2018Q1 2019
Institutional direct sales40.1561.93
Programmatic sales88.88107.49
Total sales129.03169.42
Global XRP volume54.82B53.85B
Total sales as % of total volume0.24%0.32%

 

In Q1 2019, Ripple sold $61.93 million of XRP in institutional direct sales and $107.49 million of XRP in programmatic sales. In total, the company sold $169.42 million of XRP in Q1.

Q1 ESCROW ACTIVITY

In Q1 2019, three billion XRP was again released out of escrow (one billion each month). Additionally, 2.30 billion XRP was returned and put into new escrow contracts. The remaining 700 million XRP not returned to an escrow are being used in a variety of ways to help support the XRP ecosystem.

19 new exchanges listed XRP bringing the total number to approximately 120 exchanges worldwide.

13 new financial institutions that signed up for the company’s payment network. These companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento.

Of those customers, JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank announced that they will leverage XRP to source liquidity on-demand.

Biggest Takewaways:

19 new exchanges listed xrp

13 new financial institutions joined RippleNet

JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank announced that they will leverage XRP to source liquidity on-demand.

 

 

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