Latest Crypto News
Ripple Prime Debuts Amid $1B Stablecoin Goal
Ripple Labs has launched a new service called Ripple Prime. This is a prime brokerage for institutions based in the United States. It allows clients to trade digital assets over-the-counter. This means large trades happen directly between parties, not on a public exchange. Major assets like XRP and RLUSD are available for trading. The service offers more than just trading. It provides cross-margining and financing options. These features were not widely available from crypto prime brokers before. This move follows Ripple’s recent acquisition of a brokerage firm called Hidden Road. The new infrastructure is designed to meet strict US regulatory standards. For institutions, this means they can make large trades without affecting the public market price. It also gives them
