I'm trying to find out which company is currently holding XRP, the cryptocurrency. I want to know which entity has a significant amount of this digital asset in their possession.
By managing the release of XRP tokens, Ripple Labs aims to prevent any sudden spikes or drops in the value of the currency. This approach contributes to a stable and predictable market environment for investors and users.
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SilviaMon Apr 28 2025
The XRPL founders made a generous gesture by donating 80 billion XRP, the native cryptocurrency of the platform, to Ripple Labs. This donation represented a significant portion of the total XRP supply.
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LorenzoMon Apr 28 2025
BTCC is a leading cryptocurrency exchange that offers a range of services to its customers. Among these services, BTCC provides access to spot trading, allowing users to buy and sell XRP and other cryptocurrencies at current market prices.
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GangnamGlitzGlamourGloryDaysMon Apr 28 2025
In addition to spot trading, BTCC also offers futures trading for XRP. This allows investors to speculate on the future price of XRP and hedge against potential market risks.
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NicoloMon Apr 28 2025
Ripple Labs, as the recipient of this substantial amount of XRP, plays a crucial role in managing and distributing the tokens. The company holds a portion of the XRP and is responsible for its circulation in the market.