What to Know:
- Ripple has launched Ripple Prime, a digital asset spot prime brokerage, for U.S. institutional clients.
- The platform supports OTC spot trading for major digital assets, including XRP and Ripple’s RLUSD stablecoin.
- This move expands Ripple’s institutional crypto services, integrating payments, custody, and trading solutions.
Ripple is expanding its reach in the digital asset space with the launch of Ripple Prime, a new spot prime brokerage service targeting U.S. institutional clients. This platform enables over-the-counter (OTC) spot trading for a range of digital assets, including XRP, marking a significant step in Ripple’s broader financial service offerings. Ripple Prime aims to provide institutions with a comprehensive suite of tools for managing their digital asset portfolios.
Ripple Prime supports OTC spot trading for numerous digital assets, including XRP and Ripple’s RLUSD stablecoin. The platform also integrates derivatives, swaps, fixed income, and foreign exchange products. This comprehensive approach aims to provide U.S. institutions with a versatile trading solution.
The launch of Ripple Prime follows Ripple’s acquisition of Hidden Road, a multi-asset prime broker, earlier this year. By combining their regulatory licenses with Hidden Road’s infrastructure, Ripple can offer U.S. clients cross-margining capabilities for OTC spot positions, swaps, and CME-listed futures and options.
Ripple Prime joins Ripple Payments and Ripple Custody in the company’s suite of institutional crypto services. Ripple Payments uses blockchain technology to facilitate cross-border transactions, while Ripple Custody offers a secure storage platform for digital assets. XRP and RLUSD are integrated across these offerings to enhance liquidity and streamline settlement.
As Ripple continues to expand its institutional offerings, it is positioning itself as a key player in the evolving landscape of digital asset solutions. The integration of XRP and other digital assets across Ripple’s services could enhance liquidity and streamline operations for institutional participants, fostering further adoption and growth within the crypto market as regulations become more clear.
Source: Original article
