HUGE: Ripple to compete with banking giants in Wall Street's $256 BILLION leveraged ETF market.
Its Hidden Road deal turned Ripple into a PRIME BROKER, letting it finance trades for institutions.
Now rebranded as Ripple Prime, it helps ETF firms borrow stock and index exposure through swaps.
This gives Ripple a new revenue stream from stock financing, beyond crypto.
$XRP traded near $1.40 after the news, below 60% its record high.
#ripple
#BitcoinReboundsTo$83K
#BitcoinETFsSee$244MNetOutflows
#EthereumLiquidationsHit$356M
#EthereumSurpasses$2500
$XRP
Its Hidden Road deal turned Ripple into a PRIME BROKER, letting it finance trades for institutions.
Now rebranded as Ripple Prime, it helps ETF firms borrow stock and index exposure through swaps.
This gives Ripple a new revenue stream from stock financing, beyond crypto.
$XRP traded near $1.40 after the news, below 60% its record high.
#ripple
#BitcoinReboundsTo$83K
#BitcoinETFsSee$244MNetOutflows
#EthereumLiquidationsHit$356M
#EthereumSurpasses$2500
$XRP