XRP News: CEO Garlinghouse Says Ripple Revenue Set To More Than Double

Ripple CEO Brad Garlinghouse said the company’s long-standing focus on connecting traditional finance with decentralized finance, once viewed skeptically within the crypto industry, has become one of Ripple’s core strengths as institutional adoption reshapes the sector.

From Controversial Bet to Industry Consensus

Garlinghouse said Ripple was “somewhat controversially” focused from early on on building a bridge between traditional financial systems and decentralized finance, a positioning he said was initially viewed as a negative within the crypto industry itself. He attributed that early skepticism to purists who believed the entire financial system needed to move fully on-chain to be legitimate.

He pushed back on that view directly, arguing the world still operates under existing laws and regulatory frameworks, and that traditional financial infrastructure will continue to matter unless the entire global financial system migrates on-chain, an outcome he said would take “longer than I’ll be alive.”

Why Retail-Dependent Crypto Companies Are Struggling

Garlinghouse pointed to the current market downturn as evidence that companies overly reliant on retail trading volume face structural vulnerability. He said that when a company’s revenue is tied directly to asset prices, a 50% price decline translates into a roughly equivalent revenue decline. He said this dynamic has driven layoffs across the industry and contributed to some exchanges shutting down entirely during the current bear market.