Ripple CEO Brad Garlinghouse reports a surge in US-based deals following Trump’s election win, with more deals signed in the last 6 weeks of 2024 than in the previous 6 months
The company has shifted focus to US hiring, with 75% of open roles now based in the United States
Ripple has pledged $5 million in XRP tokens to Trump’s inauguration
XRP prices have increased over 300% since Trump’s election victory
Trading volumes have spiked, particularly on Korean exchange Upbit, with $1.3 billion in recent activity
Ripple Labs, a leading cryptocurrency financial firm, has reported a dramatic increase in its US-based business activities following Donald Trump’s election victory.
CEO Brad Garlinghouse announced on social media platform X that the company has experienced unprecedented growth in US-based deals since the November election. “We signed more US deals in the last six weeks of 2024 than the previous six MONTHS,” Garlinghouse stated, attributing this growth to what he terms the “Trump effect.”
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
Today: 75% of Ripple’s open roles are now US-based, while…
The company’s strategic pivot towards the US market represents a notable shift from its previous focus on international expansion during the Biden administration. This change is reflected in Ripple’s current hiring practices, with 75% of open positions now based in the United States.
In a show of support for the incoming administration, Ripple has announced a $5 million donation in XRP tokens to Trump’s inauguration efforts. This move aligns with the company’s renewed focus on building its presence in the American market.
The market has responded positively to these developments, with XRP’s price increasing by more than 300% since Trump’s election victory. This growth rate has outpaced other major cryptocurrencies during the same period.
Trading activity for XRP has seen a substantial uptick, particularly in Asian markets. Korean exchange Upbit recently recorded $1.3 billion in trading volumes, indicating strong international interest in the token.
The surge in trading volumes from South Korean exchanges is particularly noteworthy, as historically, this has often preceded periods of increased price volatility for XRP, typically trending upward.
Garlinghouse’s comments referenced the company’s previous challenges with the SEC under Gary Gensler’s leadership, which he claimed had limited Ripple’s domestic business opportunities. The CEO expressed optimism about the changing regulatory landscape under the incoming administration.
Recent price data shows XRP trading at approximately $2.40 during Asian trading hours on Monday, maintaining stable levels alongside the broader cryptocurrency market.
The company’s renewed focus on US operations marks a departure from its previous strategy of expanding offshore during the Biden administration. This shift appears to be driven by optimism surrounding the incoming administration’s proposed policies.
Market analysts have noted that traders are speculating on potential benefits for US-based crypto companies under a Trump administration, particularly those like Ripple Labs and Uniswap that are more involved in creating value for token holders.
The increase in US-based deals comes as part of a broader trend of cryptocurrency companies reassessing their positions in the American market. Ripple’s experience suggests a changing business environment for crypto firms in the United States.
Trading patterns indicate that international investors are taking notice of these developments, with particularly strong interest coming from Asian markets. The high trading volumes on Korean exchanges suggest growing global attention to Ripple’s US-focused strategy.
Market data indicates that XRP’s price performance has remained relatively stable in recent trading sessions, despite the substantial increases seen since the election results.
The company continues to expand its US presence through increased hiring and business development efforts, reflecting its commitment to growth in the American market.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 75% of Ripple’s open roles are now US-based, while…