Ripple has completed its acquisition of Hidden Road, which has since been rebranded as Ripple Prime.
BlockBeats News, October 24th, Ripple announced the completion of the Hidden Road acquisition, which has now been rebranded as Ripple Prime. Hidden Road previously provided institutions with services including settlement, prime brokerage, foreign exchange (FX), digital assets, derivatives, swaps, and fixed income financing. This acquisition will make Ripple a cryptocurrency company that owns and operates a global multi-asset prime brokerage.
Since the acquisition announcement, Ripple Prime's business has grown threefold, with further growth expected. Ripple Prime will enhance the utility and coverage of Ripple's stablecoin RLUSD. Currently, RLUSD has been used as collateral for various prime brokerage products. Some derivative clients have opted to hold RLUSD.
You may also like
Gainers
Latest Crypto News
「1011 Insider Whale」 Opens New 5x ETH Short Position, Reaching $15 Million in Position Size
Today, the Hyperliquid team's address released 2.6 million HYPE from staking.
By 2025, investment institutions have poured nearly $25 billion into cryptocurrency companies, far exceeding market expectations
Yesterday the US Ethereum Spot ETF saw a net inflow of $76.6 million
BANANA surged briefly overnight, breaking through $11.8, with a 24-hour gain of 18.6%.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]