Overview
- Ripple opened Ripple Prime to U.S. institutional clients, offering OTC spot execution for dozens of digital assets.
- The platform lets clients cross‑margin OTC spot positions alongside swaps and CME‑listed futures and options.
- Ripple completed the acquisition of multi‑asset prime broker Hidden Road in October and folded its infrastructure into Ripple Prime.
- Ripple Prime sits alongside Ripple Payments and Ripple Custody, integrating XRP and RLUSD to streamline liquidity and settlement.
- XRP traded about 4% lower around $2.425 at publication time, according to market reporting.