Among the transferees is Binance, the world’s largest cryptocurrency exchange by volume, which has moved a staggering 214,000,000 XRP worth $73,525,151 USD between its internal wallets. Second is Fintech behemoth Ripple which has moved 100,000,000 XRP valued at $34,004,188 USD between its internal wallet.

Ripple has been receiving attention from major financial institutions because of their innovative technology. Ripple is a company that is revolutionizing the financial industry by using blockchain technology to create a global payment system. Their goal is to create a more efficient and secure global financial system. The company has been reported to have traded more than 1,200,000 BTC worth $1.5 billion USD in the last 24 hours as well.

This is a big deal because it shows that Ripple is continuing to be a success and that people are using it to help move money around the world.

This past week, Ripple announced that they have processed close to 500 million XRP transactions since their inception. This is a significant milestone for Ripple and shows its continued growth and adoption.

Posted Date: May 26, 2023