Brad Garlinghouse, CEO of Ripple, announced that the company will discontinue its quarterly XRP market reports after Q2 2025, citing a desire to improve transparency.
Announcement of Report Cessation
Garlinghouse made the announcement in a post on the X platform, noting that Q1 2025 was an 'incredible' quarter for the company due to the acquisition of institutional crypto firm Hidden Road and the conclusion of SEC's appeal.
A Long Path to Transparency
Ripple has been publishing quarterly reports since 2017 to provide insight into its XRP holdings and market activity. However, Garlinghouse noted this transparency was 'unfortunately... used against us by the SEC.' According to him, 'Our commitment to transparency doesn’t change with this evolution.'
Growing Institutional Demand for XRP
Meanwhile, XRP ETPs recorded $37.7 million in net inflows during Q1 2025, raising year-to-date inflows to $214 million. Spot market trading activity also remained high, with average daily volumes reaching $3.2 billion.
Before the cessation of quarterly reports, Ripple will continue to share its holdings data through the company's website and social channels, signifying a potential new era for Ripple.
