Ripple Prime Is the Fintech Firm’s One-Stop Institutional Trading and Financing Desk

Ripple has completed its purchase of global prime broker Hidden Road and rebranded the business as Ripple Prime, a bundled trading, financing and clearing desk for institutions, the company announced Friday. Ripple said the newly branded unit’s business has tripled since the initial announcement and that Ripple Prime now serves more than 300 institutional customers with over $3 trillion cleared across markets. The company positions Ripple Prime as an all-in-one service spanning digital assets, foreign ex ...