Ripple Introduces Crypto Spot Prime Brokerage Services for US Institutions

Blockchain payments company Ripple has expanded its services with the launch of digital asset spot prime brokerage specifically for US markets. This move follows Ripple’s acquisition of crypto-friendly prime broker Hidden Road in a $1.25 billion deal finalized last October. 🎧 In a statement, Ripple highlighted that US institutional clients can now execute over-the-counter (OTC) spot transactions across multiple cryptocurrencies through this new service. 📈 💥 This expansion complements their existing suite of OTC and cleared derivatives services in digital assets.