Largest Ripple-Backed ODL Corridor Helps Move 117.5 Mln XRP

News
Sat, 05/16/2020 - 11:43
Yuri Molchan
The biggest On-Demand Liquidity corridor has taken part in moving a gargantuan XRP amount, other major exchanges have joined it
Cover image via stock.adobe.com

The XRPL Monitor account on Twitter has shared data that over the past twenty-four hours, a more than substantial amount of the third biggest crypto, totalling 117.5 mln XRP, has been transferred. That’s $23,567,971.

Part of that amount – 17 mln XRP – was moved by the Mexico-based crypto exchange Bitso, which is Ripple’s largest ODL corridor and works with the XRP/MXN pair.

The other players that took part in this were Bithumb, Binance and Bitstamp. Poloniex also moved 28,500,000 XRP.

Image via Twitter

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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