Ripple has launched a digital asset spot prime brokerage for U.S. institutional clients, marking a major step in its expansion into broader financial services following the acquisition of multi-asset prime broker Hidden Road earlier this year, the company said in a press release Monday.
The new platform, Ripple Prime, now enables over-the-counter (OTC) spot trading for dozens of major digital assets, including XRP and Ripple’s RLUSD stablecoin, as part of an integrated suite that also includes derivatives, swaps, fixed income, and foreign exchange products.
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