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This could be huge - high-speed trading for institutional investors... we can only hope that XRP will be among the 26 trading pairs, but I think that the Blockchain wallet only supports BTC, BCH, ETH and XLM at this time? https://www.cnbc.com/2019/07/30/bitcoin-blockchain-launches-crypto-exchange-to-take-on-coinbase.html Branson-backed cryptocurrency firm launches a super-fast exchange to take on Coinbase PUBLISHED TUE, JUL 30 2019 7:00 AM EDTUPDATED 3 HOURS AGO Ryan Browne Blockchain’s exchange is the result of work led by a team of former trading industry executives. The exchange can execute orders in a matter of “microseconds,” according to CEO Peter Smith. The firm has raised $70 million from investors including Richard Branson, Alphabet and Lakestar. "Blockchain, one of the world’s largest cryptocurrency wallet platforms, says it’s launched a digital currency exchange aimed at delivering “lightning-fast” trades. The company’s exchange, called The PIT, is the result of a behind-the-scenes effort led by a team of former executives from the New York Stock Exchange, TD Ameritrade, Google and Goldman Sachs." “There’s a huge audience of people who have not yet placed their first bitcoin trade,” Nicole Sherrod, head of trading products at Blockchain, told CNBC in an interview. Sherrod previously led the active trading product team at online stock broker TD Ameritrade before joining Blockchain." "Sherrod said the new trading platform would give investors a degree of liquidity not seen in competitor exchanges."
Hi Folks Quick question about the institutional Direct Sales which increase up to 581% form Q2 to Q3 SO my question is about where does the money go when ripple sells XRP to institutional ? Does the money go to their account? Considering the XRP is not a security ? Can Ripple leech the profits of these sales ? Something is cooking in background