Watching cryptocurrency movements, Whale Alert found that Ripple and several major cryptocurrency companies had moved almost 60 million XRP in the past 24 hours.
Close to 60 million XRP has been transferred between Ripple, Bitso and Binance in the last 24 hours. Bybit and Huobi were also included in this XRP transfer chain.
Binance handled the largest amount of transactions, but these were smaller than others.
Ripple and Bitso help move $ 34.3 million worth of XRP
Ripple, Latin America’s largest trading platform and Ripple’s partner in ODL cash transfer business via XRP, has linked 10 million XRP to Mexico-based Bitso exchange.
In October 2019, Ripple invested an undisclosed amount of funds to Bitso, and Asheesh Birla, senior vice president of product, joined the board of directors at Bitso.
Since then, Bitso has been expanding its cash transfer business to Mexico and other Latin American countries.
Binance moves 33.7 million XRP to Houbi
Binance, the world’s largest trading platform, transferred a total of 33.7 million XRP to the Houbi exchange in four transactions, each holding an average of 8.5 million tokens.
Bybit also transferred 15 million XRP to a Houbi wallet.