XRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, stated: “ XRP trading is on fire. We’ve seen 10x growth in volume at Falconx between the first and second halves of Q4. This isn’t just retail action—institutions are driving the momentum.” XRP has experienced a significant surge, climbing over 400% since the U.S. presidential election on Nov. 5. This rally is attributed to optimism about a more crypto-friendly regulatory environment under the incoming Trump administration, including expectations of the SEC dropping its lawsuit against Ripple and potential approval of XRP-focused ETFs. Additionally, increased trading volumes and heightened investor interest have propelled XRP to become the third-largest cryptocurrency by market capitalization, surpassing tether ( USDT).
XRP on Fire: Falconx Reports Explosive 10x Growth in Trading
This article was published more than a year ago. Some information may no longer be current.
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