Ripple launches digital asset spot prime brokerage for US market
Key Takeaways
- Ripple launched a digital asset spot prime brokerage for US-based institutional clients.
- The service enables OTC spot transactions via Ripple's new prime brokerage platform.
Ripple today launched its Digital Asset Spot Prime Brokerage, enabling OTC spot transactions for US-based institutional clients through its newly established prime brokerage platform.
The service integrates XRP and RLUSD, Ripple’s stablecoin, to facilitate institutional trading and provide liquidity for digital asset transactions in the US market.
Ripple completed its acquisition of Hidden Road and rebranded it as Ripple Prime, establishing what the company describes as the first crypto-owned global multi-asset prime brokerage for institutional clients.
The platform enhances RLUSD’s utility by enabling its use in cross-margin trading between traditional finance and crypto ecosystems. RLUSD serves as collateral in institutional trading activities within the prime brokerage framework.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Ripple’s $1 Billion Stablecoin Forges Connection Between Crypto and Traditional Finance
- Ripple's RLUSD stablecoin surpassed $1B market cap, driven by institutional adoption via Ripple Prime's OTC trading platform. - Dual-chain deployment on Ethereum/XRP Ledger and NY Trust compliance enhance RLUSD's utility for cross-border payments and DeFi. - Acquisition of Hidden Road (Ripple Prime) created first crypto multi-asset prime broker, enabling cross-margin trading with traditional instruments. - SEC dispute resolution and strategic infrastructure focus position RLUSD/XRP as foundational assets
Can Artificial Intelligence Outsmart the Fluctuations in Cryptocurrency? Google's Prediction for SHIB Ignites Discussion
- Google's Gemini AI predicts Shiba Inu (SHIB) could reach $0.000031 by November 2025, citing DeFi growth and institutional interest in meme coins. - The forecast analyzes market trends, social sentiment, and blockchain data but faces skepticism over volatility and unpredictable factors like regulation. - Critics highlight SHIB's speculative nature, noting past 50% weekly swings and AI's inability to account for irrational market behavior. - Mixed community reactions and regulatory risks underscore the deb
$600M in crypto longs liquidated in last hour
Whale opens 3x long on Aster with $500K USDC deposit into HyperLiquid
Trending news
MoreCrypto prices
More
