Ripple CEO Applauds Q1 2025 Performance, Outlines New Transparency Plan

By: fxcryptonews|2025/05/06 17:00:08
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Ripple CEO Brad Garlinghouse took to X today to celebrate what he called an “incredible” first quarter of 2025. Ripple’s $1.25 billion acquisition of Hidden Road, a leading prime broker, was a standout achievement. Ripple described the deal as its largest to date.This acquisition opens a new institutional use case for the XRP Ledger (XRPL) and the Ripple USD (RLUSD) stablecoin. Hidden Road will use RLUSD as collateral across its product suite, supporting cross-margining between traditional finance and crypto. The broker also plans to integrate XRPL into its post-trade systems, including repo markets and swaps, to improve cost efficiency and streamline operations.SEC Withdraws Appeal in Ripple LawsuitRipple also confirmed a major legal win in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). According to the report, the SEC decided to withdraw its appeal. Ripple, in turn, dropped its own cross-appeal, which challenged part of the regulator’s earlier win.Related article: RLUSD Minting Stalls as Ripple Pauses New Stablecoin Supply — What’s Going On?As part of the mutual agreement, the SEC accepted a reduced fine of $50 million, down from $125 million. The regulator also agreed to request the court to remove a permanent injunction order. However, this settlement still needs court approval. Ripple noted that this move could finally close the multi-year case, which it says tested “the limits of regulatory overreach.”Institutional Interest in XRP SoarsRipple reported a surge in institutional demand for XRP products. XRP-based exchange-traded products (ETPs) brought in $37.7 million in Q1 2025, outpacing those tied to Bitcoin and Ethereum. Year-to-date, XRP ETP inflows climbed to $214 million.Related article: XRP Is No Longer Just for Payments: How Stablecoins and New Tech Are Rewriting Its Purpose Major firms such as Franklin Templeton and Volatility Shares submitted applications for XRP ETFs. Brazil approved a dedicated XRP ETF, and CME launched XRP futures in the U.S. Other proposals, like Teucrium’s XRP ETF, reflect strong market momentum.Ripple Updates Transparency StrategyGarlinghouse also announced a shift in Ripple’s quarterly reporting approach. Since 2017, the company has disclosed its XRP holdings through XRP Markets reports. But Ripple now claims regulators used that transparency against it.Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP ETPs globally.Moving forward, the XRP Markets Report will look a little different. As some may remember, the objective of... https://t.co/0f9oarmi70— Brad Garlinghouse (@bgarlinghouse) May 5, 2025To address this, Ripple will start publishing real-time XRP holdings data on its website. The firm will also use its official social platforms, like X, to post updates. By March 31, 2025, Ripple held 37.13 billion XRP in escrow—a 2.36% drop from Q4 2024’s 38.03 billion. We are on twitter, follow us to connect with us :- @FXCryptoNews— FXCryptoNews (@FXCryptoNews) December 14, 2023At the same time, Ripple’s spendable XRP rose 1.71% to 4.56 billion, up from 4.48 billion at the end of 2024. The company also released 600 million XRP from escrow during the first two months of Q2 2025.The post Ripple CEO Applauds Q1 2025 Performance, Outlines New Transparency Plan appeared first on FXcrypto News.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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