Ripple Opens Doors to OTC Crypto Swaps for US Institutions

Ripple has expanded access to OTC cryptocurrency swaps, specifically targeting US institutions. This move comes after acquiring Hidden Road for $1.25 billion and opens a previously unavailable market to regulated traders. This launch promises enhanced liquidity and market participation for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with cash-settled swaps at the forefront of this innovation. Ripple’s approach aligns with US regulatory compliance, ushering in safer environments for institutional engagement within the cryptocurrency market.