Ripple’s native token XRP is more popular than the world’s largest cryptocurrency Bitcoin among the UK based exchange eToro.
According to the latest quarterly report from the trading platform eToro, XRP is the first choice of investors. 54.5% of total users of eToro has invested in XRP and holds it in their exchange wallets. The highest volume of XRP is reported on 1 April 2020. The second choice of investors is Bitcoin, 35.1% of total users holding Bitcoin in their exchange wallets.
Below is the full details of the digital assets invested by etoto users:
Brad Garlinghouse the CEO of Ripple made a statement in early March that the firm “would not be profitable or cash flow positive” without the sales of their native token XRP.
The firm is using the native token XRP as an incentive for participants like remittance firm MoneyGram, which is the latest partner of the network has granted $11.3 million worth of XRP coins. Moneygram said that they will XRP coins as soon as they receive it.
Read eToro’s “The State of Digital Assets” full report below: