XRP Becomes Number One Crypto in the UK, Cardano Comes Second: Report

According to Finance Magnates, Ripple-affiliated cryptocurrency XRP has been gaining popularity among crypto investors in the UK. The media cited a recent report published by the eToro trading platform.

UK retail investors choose XRP over other cryptos, ADA is second best

Data shared by eToro stated that in the third quarter this year, retail investors in the UK began giving more attention to the sixth largest cryptocurrency – XRP – and putting more funds in it than in other digital assets.

Now, XRP has turned into the number one crypto in the UK in the retail crypto market. In the second quarter this year, XRP saw a four percent increase and as per yoy growth in ownership, it has surged by 105 percent.

Cardano’s ADA is the second cryptocurrency that British investors are looking at after XRP. Over the past three months, ADA has surpassed Ethereum by popularity here, rising 11 percent and giving investors a year-on-year rise of 1,230 percent in 2021.

Ripple to help build UK’s CBDC

As covered by U.Today earlier, Ripple has inked a partnership deal, entering into the Digital Pound Foundation, to accelerate the process of creating UK’s CBDC – digital pound sterling.

According to the chief of policy in Ripple, Susan Friedman, this partnership will be beneficial for the evolution of the global financial system. As part of this deal, Ripple will continue to collaborate with central banks in various countries regarding technical issues and policy related to CBDCs.