Ripple

Ripple, Binance, and Coinbase Participate In 110.3 Million XRP Transfers

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Blockchain tracking company WhaleAlerts identified that in the last 24 hours a humongous 110,300,000 XRP coins amounting to $97,823,093 has been shifted.

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In the aforementioned transfers, Ripple, its major ODL corridor, Coinbase, Binance and other exchanges are said to be involved.

Ripple sent 12 million XRP to Binance, a cryptocurrency trading network, and 10 million tokens to Bitso, its On-Demand Liquidity (ODL) platform in Latin America (based in Mexico), which spreads the technology throughout the country. 

Ripple has sent large amounts of XRP to the Binance exchange to ensure the coin’s liquidity on the trading platform, according to U.Today.

Poloniex exchange has shifted over 21 million XRP between its wallets.

According to CoinDesk, Ripple, the company behind the XRP (XRP) token, has achieved yet another target in its legal battle with the Securities and Exchange Commission by obtaining a right to see how the SEC decides which cryptocurrency is a defence. 

Judge Sarah Netburn of the Southern District Court of New York granted Ripple access to the SEC’s minutes and me on Tuesday. Netburn reportedly said these documents were discoverable and added that Ripple’s discovery was a “high stakes” win.

Ripple had previously reached an agreement with the Securities and Exchange Commission (SEC) to send partially redacted documents containing details about Ripple’s finances and some of its institutional investors.

XRP MOVES TO 4TH PLACE:

The price of XRP entered its highest level in three years earlier this week when it passed $0.75 on Monday, April 5th. The climb seemed to have continued, and the price of XRP was also seen trading around $1.

XRP price today at the time of writing is $0.951354 and it’s currently sitting in the 4th position.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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