Ripple launches digital assets spot prime brokerage for US market
Ripple has expanded its presence in the U.S. market with the rollout of the digital asset spot prime brokerage, bringing over-the-counter spot transactions to U.S.-based institutional clients.
- Ripple has launched its digital assets spot prime brokerage in the United States.
- The debut brings OTC spot transactions, including for XRP and the stablecoin Ripple USD, to institutional clients.
- Ripple recently completed the acquisition of the prime brokerage platform Hidden Road.
Ripple now offers spot prime brokerage for digital assets to institutional clients in the U.S.
The blockchain technology firm announced the launch of the new cryptocurrency service on Nov. 3, just days after closing the acquisition of multi-asset prime brokerage Hidden Road.
According to details, Ripple’s new foray is a solution that seeks to bring OTC spot transactions across the world’s leading crypto assets. This includes its flagship digital asset XRP ( XRP ) and stablecoin Ripple USD ( RLUSD ).
News comes as XRP struggles with downward pressure near $2.41.
Ripple token XRP price chart. Source: crypto.news
Ripple’s expansion
Ripple Prime, the rebranded platform that followed Ripple’s acquisition of Hidden Road, is the new home of various spot digital asset products.
The offering, which taps into the blockchain firm’s licenses as well as Hidden Road’s solutions, will see customers access products across foreign exchange, crypto, derivatives, swaps and fixed income. Apart from cross-margin OTC spot, U.S. clients will have access to OTC swaps, CME futures and options.
“The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs,” said Michael Higgins, International CEO, Ripple Prime.
Ripple Prime adds to the company’s list of other solutions, including cross-border payments, custody, and stablecoins.
The brokerage platform, like these solutions, is set to expand the adoption and utility of the XRP cryptocurrency and the RLUSD stablecoin. As the regulatory environment improves, support for innovation and adoption is gaining traction.
Ripple looks to be one of the top players in the ecosystem as traditional finance comes onchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HashKey’s Web3 Push Boosts Hong Kong’s Status as a Regulated Digital Finance Center
- HashKey Group dominated Hong Kong FinTech Week 2025, showcasing Web3 expansion and reinforcing Hong Kong's role as a regulated digital finance hub. - The firm highlighted its Dubai-based MENA exchange, user-friendly HashPass Wallet, and plans for a 2025 Hong Kong Web3 Festival targeting 10,000 attendees. - Aligning with Hong Kong's regulatory strategy, HashKey emphasizes compliance, institutional partnerships, and blockchain education to drive adoption. - Despite short-term crypto market volatility, Hash
Ethereum News Update: The 'Buy the Dip' Pitfall in Crypto—Major Investor Faces $2.15M Loss Within 5 Days
- Ethereum whale 0x1b57 lost $2.15M by selling 5,570 ETH in a failed "buy the dip" strategy, marking one of the largest single-asset sales recently. - The five-day holding period highlighted crypto's volatility, as the market failed to stabilize, forcing a discounted exit against Phemex analysts' warnings. - The transaction underscored risks of speculative trading in post-ETF approval markets, where mixed sentiment and rapid price swings amplify high-stakes losses. - The case sparked debate about crypto's
Bitcoin Updates: Institutional Activity and Altcoin Rally Indicate the Next Expansion Phase for Cryptocurrency
- Bitcoin rebounded to $110,183 on October 31, 2025, amid Fed rate cuts and geopolitical risks, testing key support at $109,000. - Prenetics boosted Bitcoin holdings to 378 BTC ($41M) via a $44M equity raise, aligning with strategic growth in its supplement business. - Altcoins like Noomez ($NNZ) and Remittix (RTX) gained traction with deflationary models and real-world crypto-to-bank transfer solutions. - 2025 price forecasts range $110,532–$144,959, driven by ETF inflows and institutional adoption, thoug
Bitcoin News Update: Crypto Shares Tumble Amid Liquidations, Security Breaches, and Federal Reserve Ambiguity Causing Market-Wide Upheaval
- U.S. crypto stocks plummeted pre-market on Nov 4, with MSTR (-3.30%), COIN (-3.12%), and BMNR (-4.90%) leading declines amid sector-wide volatility. - A $1.2B crypto liquidation event followed BTC/ETH's 3% hourly drop, triggering leveraged long position collapses and exposing sector liquidity risks. - DeFi protocol Moonwell suffered a $1M exploit via faulty oracle data, compounding recent vulnerabilities and prompting calls for multi-source price verification. - Fed's $125B liquidity injection fueled 67.
Trending news
MoreCrypto prices
More
