FalconX Q4 trading volume increased 10 times, mainly driven by XRP appreciation and institutional

As XRP trading volumes surge, institutional digital asset prime broker FalconX reported a tenfold increase in fourth quarter volumes, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, said: "XRP trading is hot. FalconX's trading volume increased 10 times in the first and second half of the fourth quarter. This is not just retail action, institutions are driving this momentum." XRP has risen more than 400% since the US presidential election on November 5. The rise is attributed to optimistic expectations of a friendlier cryptocurrency regulatory environment under the incoming Trump administration, including the possibility of the US SEC dropping its lawsuit against Ripple and approving an XRP ETF. (Bitcoin.com)