@patrickrooney@MailOnline Margin requirement being 5,200 per contract. Let say they catch 4000 ticks @ $10/tick = 2000*10*4000 = 80,000,000. That is the maximum possible profit they would have made.
@patrickrooney@MailOnline It's not a real story, all details are fake! If you do the calculations, its quite obvious! Their firm had 12 million to use as margin, can only open around a maximum of 2000 contracts with for example RJ O'brien.
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A lot of pro $XRP voices are acting like its "no big deal" if Ripple is only cut-off from US markets. But $XRP's main target use case was remittances.
The US is 33% of global outbound remittance[1], and 70% of counterparty settlement agents are US companies.
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