© Reuters.

Distributed ledger tech startup saw revenue from the sale of the digital asset XRP more than double this past quarter compared to the second quarter of 2018.

In its Q3 2018 XRP Markets Report, released Thursday, Ripple announced it sold $163.33 million in XRP, up from $75.53 million in the second quarter. Most of the increase came from institutional direct sales, where Ripple subsidiary XRP II sold $98.06 million, compared to only $16.87 the quarter before. It saw a much smaller increase in programmatic sales quarter-over-quarter, going from $56.66 million to $65.27 million.

That being said, Ripple has yet to match its first-quarter sales of $167.7 million.

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