@pumpc4t Always good to have invalidations on your idea. And I respect your way of having the balls to have a different idea than most. Which is usually a good sign for your trade idea haha. Good luck!
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
Okayyyyyy, here we go with the winners:
1 year TV Premium: @Fabio42037804
1 year TV Plus: @chilluscrypto
1 year TV Essential: @CryptoMike15
Winners: pls send me a DM with your TV username and email address you registered on TV.
Thank you @tradingview for arranging this!
The legendary @tradingview Black Friday Sale is around the corner!
Like every year, I can give away 3 TV yearly subscriptions to celebrate the sale.
How to participate?
1) follow me
2) retweet this post
3) click the link below to check the details of the sale and making me a fortune on the referral 😎
https://t.co/aqODC93NFk