🚨 JUST IN: Ripple is moving deeper into Wall Street territory.
The Wall Street Journal reports that Ripple is emerging as a major competitor to traditional banks.
Through Ripple Prime, following its $1.25B acquisition of Hidden Road, the crypto giant is now entering prime brokerage, clearing and financing including swap financing for leveraged ETFs.
This is bigger than payments.
A crypto-native company is now competing for business that has historically generated fees for major financial institutions.
The lines between crypto and traditional finance are disappearing fast.
And Ripple wants a seat at Wall Street’s table.
#Ripple #XRP #Crypto #WallStreet #Finance $XRP
The Wall Street Journal reports that Ripple is emerging as a major competitor to traditional banks.
Through Ripple Prime, following its $1.25B acquisition of Hidden Road, the crypto giant is now entering prime brokerage, clearing and financing including swap financing for leveraged ETFs.
This is bigger than payments.
A crypto-native company is now competing for business that has historically generated fees for major financial institutions.
The lines between crypto and traditional finance are disappearing fast.
And Ripple wants a seat at Wall Street’s table.
#Ripple #XRP #Crypto #WallStreet #Finance $XRP