Coinrail to list Ripple

South Korean newly launched exchange will enlist Ripple in its dealings
01 November 2017   2513

Coinrail, a South Korean exchange which was launched on October 11, is going to add Ripple to its platform. Coinrail has a trading volume of 16.6526 KRW. The total transaction volume is currently 192,316 KRW which is $171,7.

Coinrail will be the third South Korean cryptocurrency exchange to issue Ripple after Bithumb and Coinone. Coinrail is a new and developing exchange which has already announced its deal with Bitcoin, Ethereum, Dash, Litecoin, Stratis, OmiseGo, EOS, Bitcoin Cash, Walton Coin, TenX, and Jet Cash and it plans to add QTUM, Stellar Lumens, and KyberNetwork, NEO, Komodo, NEM, IOTA too.

November 17 is declared to be the date when Ripple will be added to Coinrail. It is worth mentioning that South Korea is diligently trying to regulate use of cryptocurrencies, for instance the authorities plan to levy taxes on cryptocurrency transactions and ban ICO in the country. Moreover, representatives of the central bank of South Korea stated that they do not recognize Bitcoin and other digital assets as a means of payment.

South Korean exchanges have been showing interest in Ripple for a long time which even lead to its daily volume growth. Nevertheless lately XRP coin has been continuously going down.

At the moment of writing Ripple has a price of $0,197 and its market capitalisation  is $7,628,088,760 with 24 hour volume of $56,996,400.

Ripple to Sell $169.42M Worth XRP in Q1 2019

It's 31% more than in Q4 2018, when company was able to sell less than $130M worth XRP
25 April 2019   77

Ripple published a financial report for the first quarter of 2019, indicating that during this period it managed to gain $ 169.42 million from the sale of XRP cryptocurrency. The value increased by 31% compared with the fourth quarter 2018, when XRP was implemented at $ 129.03 million.

Direct institutional sales brought the company $ 61.93 million compared to $ 40.15 million in the previous quarter. The indicator of “programmable sales”, that is, sales carried out with the help of intermediaries, also increased and amounted to $ 107.49 million against $ 88.88 million.

XRP Sales Table, Q4 2018 | Q1 2019
XRP Sales Table, Q4 2018 | Q1 2019

Total XRP trading declined by about 2% to $ 53.85 billion in the first quarter of this year, against $ 54.82 billion in the fourth quarter of the previous year.

For comparison, for the same period last year, Ripple managed to sell XRP for $ 167.7 million, that is, a change in the indicator was about 1%.

In the first quarter, Ripple released 3 billion XRP from its escrow wallets. At the same time, 2.3 billion XRP were returned and entered into new escrow contracts. “The remaining 700 million XRP not returned to escrow are being used in a variety of ways to help support the XRP ecosystem,” explains the company.

In the middle of the month, it became aware of the decision of the Japanese bank Resona to withdraw from the MoneyTap payment project being developed by Ripple.