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Ripple expands into leveraged ETF financing, clearing $3T annually and challenging Wall Street banks.

Market News
08 Oct 2026
Coinpaper
View Source
Bullish
Ripple expands into leveraged ETF financing, clearing $3T annually and challenging Wall Street banks.

Ripple has entered the leveraged ETF financing market, traditionally dominated by major Wall Street banks, through its Ripple Prime platform. Ripple Prime, which clears over $3 trillion annually and serves more than 300 institutional clients, offers financing and collateral management for leveraged ETFs using total-return swaps. This expansion follows Ripple's $1.25 billion acquisition of Hidden Road in 2025, transforming it into the first crypto company to own a global multi-asset prime broker. Ripple Prime's new Delta One business launched in August now provides access to equity derivatives, foreign exchange, fixed income, and crypto products, backed by over $1 billion in regulatory net capital, signaling a significant institutional market push.

XRP trades at Rp25.151 on Pluang as of Oct 08, 2026 17:31 WIB, down 3.15% in the last day. The market cap stands at Rp1.599,39 trillion with a 24-hour volume of Rp54,53 trillion. Despite the price dip, buy orders dominate at 84%, with typical hold time around 71 days, showing steady investor interest amid Ripple's expansion into leveraged ETF financing.

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