u.today
18 October 2020 01:00, UTC
XRPL Monitor revealed that over the past 24 hours, fintech heavyweight Ripple wired approximately 44 mln $XRP - $10,648,704 in fiat.
14,1 mln $XRP was pushed to the Binance trading giant. Bitfinex was also detected to accept and send large portions of $XRP.
Recently, XRPL Monitor reported that DLT giant Ripple wired approximately 30 mln $XRP between its crypto addresses.
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14.1 mln was shifted to the Binance exchange. Earlier, U.Today reported that, according to Ripple, such transfers of gargantuan $XRP sums to exchanges are done to support $XRP liquidity.
From time to time, XRPL Monitor notices substantial $XRP transactions made by Ripple to Binance. However, often enough Binance returns ‘redundant’ $XRP to the fintech decacorn.
According to the aforementioned $XRP-tracking Twitter bot, the top-of-the-line Bitfinex exchange received 9 mln $XRP from Ceulsius Network.
An almost similar amount was then wired from Bitfinex to a crypto exchange PDAX, based in the Philippines.
As a reminder, the Philippines also host one of Ripple’s ODL corridors that trades $XRP against the local fiat currency – the Philippine peso, Coins.ph.
The $XRP liquidity index on this platform has been unable to reach a new all-time high for a long time this year. Currently, it totals 1,250,513 against the 11,508,218 ATH.
