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
#CEX 'es will sell us every #crypto coin/token at what price they want to. They put them at the market on a price and we will buy. The question is that: will you? #Bitcoin#Ethereum#Ripple#Avax#Render
$RLUSD dolaşıma çıkarsa, bugünkü gibi $XRP #XRPL üstündeki işlem ücretlerini öder, #XRP fiyatının nereye gideceğini bu durumda kimse öngöremez. Hele XRPL kullanacak ve alımlarını henüz tamamlamamış kurumlar varsa çok acayip bir fiyat bizi bekliyor olabilir. (YTD)
$RLUSD dolaşıma çıkarsa, bugünkü gibi $XRP #XRPL üstündeki işlem ücretlerini öder, #XRP fiyatının nereye gideceğini bu durumda kimse öngöremez. Hele XRPL kullanacak ve alımlarını henüz tamamlamamış kurumlar varsa çok acayip bir fiyat bizi bekliyor olabilir. (YTD)
Socios Wallet Launch ⭐
@Socios - The home of Fan Engagement and Rewards for the world's biggest teams - has launched their Web3 non-custodial wallet for Chiliz Chain.
Next, Socios will be launching a dApp browser, giving you access to many other sports dApps on Chiliz Chain.