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Ripple sold twice as much XRP in the last quarter, as demand grows for its ODL service

Ripple’s XRP sales are up 97% in Q1, with the firm attributing the growth to its focus on RipplesNet’s On-Demand Liquidity service.
Despite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for Q1. Ripple posted its Q1 markets report on May 6th and revealed that total sales net of purchases had gone from $76.27 million in Q4 2020, to $150.34 million in Q1 this year. Ripple noted the surge in sales was led by the growing demand for RippleNet’s working capital service On-Demand Liquidity or ODL: “The increase in XRP sales can be attributed to deeper engagement from key ODL customers. For well over a year, Ripple has not sold programmatically.”The firm added: “Ripple continued to engage in sales to support ODL and key infrastructure partners as part of providing increased XRP liquidity to improve the ODL experience of certain customers, eliminating the

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Źródło: https://cointelegraph.com/news/ripple-sold-twice-as-much-xrp-this-quarter-as-demand-grows-for-its-odl-service

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