More than 7 million holders of the third-largest cryptocurrency by market cap, XRP, are on a London headquartered brokerage and trading platform, a report has confirmed.
Global social trading and multi-asset brokerage company eToro has revealed that more than fifty percent of its users are investors in XRP cryptocurrency, a report jointly written by eToro and The TIE has shown.
The report titled “The State of Digital Assets: Q1 2020”, which is meant to detail everything about trading on eToro, shows that Ripple’s native digital currency is more beloved than Bitcoin and Ethereum by users of the platform.
Data from the trading report highlights that as of April 1, 54.5% of eToro’s global user base of 13 million users, invested in the digital token.
Bitcoin has 35% of eToro’s user base and Ethereum with 23.9% are the second and third respectively. They are followed by Litecoin, which possesses14.5%.
Although the report reveals that the number of global Twitter users discussing XRP fell significantly by 16% with the price of the digital asset falling by 9.5%, still XRP has a relative 2.4% outperformance when compared with Bitcoin.
The trading platform brought out diverse information about notable crypto assets in the report. According to the report, on the eToro trading platform, XRP has over 3 million followers compared to Bitcoin, Litecoin and Ethereum with 827,772, 976,765, and 5,022,995 followers respectively.
Aside from London, UK, eToro also has registered offices in the United States, Australia, Isreal and Cyprus.
Recently, NewsLogical reported that Western Union is experimenting with the RippleNet platform. Based on the report, it is possible the world’s largest remittance firm make use of XRP for cross-border payment as adapted by its rival, MoneyGram. However, Western Union has not updated the world on how far they have gone with the testing.
Ripple Donates to Battle COVID-19
As the fight against COVID-19 continues, Ripple is joining the world in tackling the pandemic.
Ripple, as a company with a mission to help the world, Ripple for Good is setting aside a huge fund to help in combating the virus.
For a start, Ripple is donating to the Bay Area. The blockchain enterprise firm is setting aside $1M while its co-founder Chris Larsen is donating $5M to nothing less than five banks and meal service providers that are helping individuals and families.