The foreign exchange market moves $7.5 trillion every single day. That figure comes directly from the Bank for International Settlements. Annualized, it reaches $2.7 quadrillion. It is the la
The foreign exchange market moves $7.5 trillion every single day. That figure comes directly from the Bank for International Settlements. Annualized, it reaches $2.7 quadrillion. It is the largest financial market on earth, and it runs on infrastructure that has remained largely unchanged for decades.
Banks hold nostro accounts across multiple currencies, lock capital in-flight for days, and absorb significant hedging costs just to keep cross-border payments operational.
Crypto researcher SMQKE (@SMQKEDQG) recently highlighted data noting Ripple’s growing position within this market, drawing on company announcements and Ripple’s own published research.
RIPPLE IS POSITIONED TO TAKE OVER THE FX MARKET WITH XRP
$7.5 Trillion traded daily.
That’s the daily turnover of the FX market, according to the BIS.
This is $2.7 Quadrillion per year.
Ripple’s key advantage?
90% coverage of global foreign exchange markets.
… pic.twitter.com/3QodW52sqF
— SMQKE (@SMQKEDQG) May 27, 2026
Ripple Payments, formerly known as RippleNet, has processed 27 million lifetime transactions totaling $50 billion in value. The network operates across 55 countries and holds multiple payment licenses. Its crypto and traditional payout markets reach over 80 destinations worldwide.
The figure that stands out most is 90%. Ripple Payments covers 90% of the global FX market. That is the metric SMQKE placed at the center of his post, and it is sourced directly from Ripple company announcements via FXCintelligence.
Ripple’s own published research explains the mechanics. Banks currently absorb costs across six categories when processing cross-border payments: foreign exchange, currency hedging, treasury operations, liquidity, payment operations, and Basel III compliance.
On the FX cost, Ripple’s documentation states that the spread “can be between fiat currencies or between fiat currency and XRP held on the bank’s balance sheet.” It continues: “When XRP is used, the model assumes that banks hold XRP on their balance sheets and provide their own liquidity for FX transactions.”
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That single detail carries significant weight. Banks that use XRP to manage FX liquidity must hold XRP as a balance sheet asset. This is not speculation. Ripple documented it.
The FX market does not move slowly. $7.5 trillion changes hands every day, and the institutions processing those transactions carry real costs doing it. Ripple’s network already reaches 90% of that market’s currency coverage. Its technology offers banks a direct path to reducing liquidity costs, and its own model ties that path to XRP held on institutional balance sheets.
SMQKE’s post deliberately connects these data points. Ripple’s market coverage, the scale of daily FX volume, and the documented requirement for banks to hold XRP all point in the same direction. Institutional adoption of XRP at even a fraction of the FX market’s scale would represent demand unlike anything the asset has seen.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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