Ripple Prime Clients Gain Access to Spot Crypto Trading

Core Insights - Ripple has launched spot trading for various cryptocurrencies through its Ripple Prime service, following the acquisition of Hidden Road for $1.25 billion [1][2][5] - The service allows access to prominent digital assets, including XRP and Ripple's RLUSD stablecoin, which have market caps of $142 billion and $1 billion respectively [2] - Ripple's offerings now likely include Bitcoin, Ethereum, and Solana, enhancing its service portfolio for institutional clients [3][4] Group 1 - Ripple's Prime clients can access a wide range of digital assets, enhancing trading capabilities [2][3] - The launch of OTC spot execution capabilities complements existing OTC and cleared derivatives services, providing a comprehensive trading solution for U.S. institutions [4] - Ripple's prime brokerage allows institutions to engage in foreign-exchange trading, precious metals, synthetic assets, and margin trading [5][6] Group 2 - Ripple's CEO highlighted the importance of Hidden Road as a trusted intermediary for major financial players, indicating a strong market position [5][6] - The acquisition of Hidden Road is part of Ripple's strategy to adapt to a more favorable regulatory environment, with multiple acquisitions in recent years [7]