Tuesday, January, 21, 2025

Ripple Launches Digital Asset Spot Prime Brokerage Services for U.S. Institutions

Ripple Prime launches OTC spot services, offering U.S. institutions advanced digital asset trading solutions
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Ripple introduces OTC spot prime brokerage for U.S. institutions.
  • Ripple Prime expands with Hidden Road’s capabilities for institutions.
  • U.S. institutions gain access to comprehensive digital asset solutions.

Ripple has introduced institutional digital asset spot prime brokerage services in the U.S. This follows the purchase of Hidden Road, a multi-asset prime brokerage by Ripple. Ripple has also incorporated the services of Hidden Road in Ripple Prime. U.S.-based institutions can conduct over-the-counter (OTC) spot transactions with some of the most significant digital assets, including XRP and RLUSD.

OTC spot execution services are being offered as an addition to Ripple Prime’s existing services, including OTC and cleared derivatives. Ripple Prime has become a full-fledged offering for U.S. institutions’ solutions. These services are structured to have a broad spectrum of trading strategies. Additionally, customers can cross-margin their OTC spot deals with other digital asset positions, including swaps, CME futures, and options.

Also Read: Hong Kong Securities Watchdog Examines Digital Asset Treasuries

Ripple Prime Expands Capabilities in the U.S. Market

Ripple’s acquisition of Hidden Road strengthens Ripple Prime’s position in the U.S. market. The merger of Ripple’s licenses and Hidden Road’s infrastructure will enable Ripple to offer a broader range of financial products. They are foreign exchange (FX), digital assets, derivatives, swaps, and fixed income. Ripple Prime is now capable of providing all these services in a single platform.

This growth will address the increasing need of U.S. institutions for flexible and integrated trading solutions. Ripple Prime also streamlines the trading process by offering a range of financial products on a single platform. This is also efficient for institutional clients.

The new services by Ripple demonstrate its commitment to serving U.S.-based institutions. As the digital asset market continues to develop, Ripple Prime is establishing itself as a key collaborator of these entities. The platform offers institutions sophisticated tools to help them navigate the complexities of the evolving financial landscape.

Also Read: ConsenSys Gears Up for IPO with Major Bank Support

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