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Ripple Launches Institutional OTC Service

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by Tando Nkube

4 months ago


Ripple Labs has taken a significant step forward in the institutional finance sector with the launch of its new US spot prime brokerage service, Ripple Prime. According to the official information, this initiative aims to enhance trading capabilities for institutional clients, particularly in the realm of over-the-counter (OTC) spot trades involving major digital assets.

Ripple Prime: Новые возможности для институциональных участников

Ripple Prime is designed to provide institutional participants with improved trading options and compliance measures, addressing the growing demand for sophisticated trading solutions in the cryptocurrency market. By offering this service, Ripple aims to solidify its position as a key player in the evolving landscape of digital finance.

Рост интереса институциональных инвесторов к криптовалютам

The launch of Ripple Prime comes at a time when institutional interest in cryptocurrencies is surging, and firms are seeking reliable platforms to facilitate their trading activities. Ripple's move is expected to attract a range of institutional clients looking for secure and efficient ways to engage with digital assets.

Ripple's recent launch of its US spot prime brokerage service, Ripple Prime, coincides with a significant valuation increase to $40 billion, driven by a $500 million investment from Citadel and Fortress. For more details, see the full story here.

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