58.7 Million XRP Moved by Ripple, Its ODL Partner and Biggest Exchange Binance

58.7 Million XRP Moved by Ripple, Its ODL Partner and Biggest Exchange Binance
HeadlinesNews58.7 Million XRP Moved by Ripple, Its ODL Partner and Biggest Exchange Binance

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58.7 Million XRP Moved by Ripple, Its ODL Partner and Biggest Exchange Binance

U.Today2 weeks ago
Published on February 22, 2021 12:30 GMT+0edited on February 22, 2021 01:00 GMT+0

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Close to 60 million XRP have been transferred over the past 24 hours between Ripple, Bitso and Binance. Bybit and Huobi have also taken part in this chain of XRP transfers.

Binance has conducted the largest amount of transactions, but they were smaller than the others.

Ripple and Bitso help shift $34.3 million worth of XRP

Ripple fintech giant wired 10 million XRP to Mexico-based Bitso exchange, the largest trading platform in Latin America and Ripple's partner in its ODL cash transferring business via XRP.

In October 2019, Ripple invested an undisclosed amount of funds into Bitso, and senior vice president of product, Asheesh Birla, joined the board of directors at Bitso.