According to Data by the analytics platform Bithomp, working with XRP transactions for over the past eighteen days. It reveals that Ripple distributed ledger tech provider has shifted 33,805,080 $XRP to the major digital exchange Huobi.
Ripple Shifts 3.38 million to Huobi
Furthermore, This amount of crypto amounts to $38,790,225. More so, the amount of weekly transactions is changing since September 29. Ie. when Ripple allocated a massive 100 million XRP lump to Huobi in regular transfers. Notably, it kicks off as 1,542,780, then as 2,309,580. So, Ripple is moving 1,911,150 $XRP lumps to Huobi.
Meanwhile, The exchange recently declare withdrawing from mainland China. Also, says by December 31, it will stop crypto trading against CNY.
XRP Now First Choice For UK retail investors
Currently, XRP is the sixth largest cryptocurrency and is changing hands at $1.15. This represents a slight uptrend of 2.54 percent, according to CoinMarketCap.
Lastly, a recent report by a leading trading platform eToro shows that most retail crypto investors in the UK now prefer XRP. While, Cardano’s ADA comes second on their preference scale.
So, Ripple Labs joins the Digital Pound Foundation. This is basically to assist UK authorities work the CBDC they are developing ie. digital pound sterling.