Ripple Projects $900M Revenue Run Rate as Institutional XRP Access Grows
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Ripple said it was on course for a $900 million annualized product revenue run rate as institutional custody and payment channels around XRP broadened.
Ripple said on Oct. 28 that it expected to reach an annualized product revenue run rate of $900 million. The figure represents a projected revenue pace, rather than a reported full-year total.
The update comes as institutional access to XRP expands through custody services and payment channels. Those developments form part of Ripple’s broader push into digital asset services.
Ripple’s growth strategy spans payments, trading, treasury management and digital asset infrastructure. The company is pursuing expansion across these businesses alongside broader institutional access to XRP.
Source: Bitcoin.com News
