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
If Ethereum breaks above $3100, the mainstream CEX cumulative short liquidation pressure will reach $9.05 billion.
Data Center Overheating Causes Nasdaq to Halt Trading for Over 10 Hours, Backup Data Center Not Deployed
Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them
As the U.S. Struggles to Mediate, Russia and Ukraine Launch Attacks on Each Other
A certain "Flash Loan Attack Whale" address has accumulated 7066 ETH in the past 5 days through a "Rug Pull Contract Buy Spot" strategy.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com