📰 CoinDesk writes that ripple has entered the business of collecting fees by funding leveraged stock trades, an activity traditionally dominated by banks.
Ripple is moving into securities-based lending — specifically financing margin loans that let investors borrow against their stock portfolios — a business traditionally dominated by prime brokerage desks at major banks. This signals that crypto-native firms are expanding into conventional financial services, competing directly with banks for fee revenue in capital markets infrastructure.
⚠️ Worth watching how the market prices this in over the next sessions.
👀 #Crypto #News $XRP $ETH
Ripple is moving into securities-based lending — specifically financing margin loans that let investors borrow against their stock portfolios — a business traditionally dominated by prime brokerage desks at major banks. This signals that crypto-native firms are expanding into conventional financial services, competing directly with banks for fee revenue in capital markets infrastructure.
⚠️ Worth watching how the market prices this in over the next sessions.
👀 #Crypto #News $XRP $ETH