The report details that trading volume for XRP increased for the last quarter of 2018 with more than a hundred exchanges now supporting the native token
Ripple’s Q4 2018 XRP Markets Report, states the platform sold $88.8 million total of XRP through programmatic means and $40.15 million was sold by Ripple subsidiary; XRP II, LLC direct to institutional parties. The sum total of XRP sold for last year’s quarter four amounts to $129.03 million which indicates a 0.24% worldwide volume for XRP.
For the whole of 2018, Ripple reports that $535.56 million worth of XRP sold.
Price Swings, Trading Volume, and Escrow Accounts
During last year’s last quarter, the coin’s daily returns fluctuations averaged 5%; meaning volatility for XRP decreased in contrast to previous quarters.
Median daily trading volume for XRP increased reaching $595.7 million, said to be apical when compared to the figures from last year’s first quarter.
About three billion XRP was released from Ripple’s cryptographic escrow. 600 billion coins are utilized to support the platform’s ecosystem while 2.4 billion coins are returned and shifted to new escrow accounts.
Cryptocurrency Exchange Support for Ripple
In Q4, 30 additional exchanges listed XRP. By the end of 2018, the coin is supported by 100 exchanges. It also became a base currency in nine exchanges including Binance, according to the report.
The report concludes with a ‘Market Commentary’ segment where Ripple laid their views on stablecoins and the crypto clampdown and the market’s maturation.
More Recent Ripple News
Huobi exchange will expand their derivatives products. Josh Goodbody, General Counsel at Huobi, divulges the plan for an XRP futures contracts to be released soon.
The Euro Exim Bank, the very first bank to use XRP, is planning to use the platform’s xCurrent to initiate a finance system similar to SWIFT’s. The system will have the ability to embed instructions regarding trade finance into xCurrent’s messaging system.