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Ripple challenges Wall Street banks in leveraged ETF financing with Ripple Prime brokerage.

Market News
08 Oct 2026, 08:28 WIB
UToday
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Bullish
Ripple challenges Wall Street banks in leveraged ETF financing with Ripple Prime brokerage.

Ripple is emerging as a significant competitor to Wall Street banks in the leveraged ETF financing market through its institutional brokerage arm, Ripple Prime. After acquiring Hidden Road and rebranding it as Ripple Prime, Ripple now offers total return swap transactions for U.S.-listed equities, indexes, and digital assets. This move challenges traditional banks that have dominated this lucrative market, with Ripple expanding partnerships such as with Brevan Howard, signaling growing influence in institutional finance. The development highlights Ripple's bold push into traditional finance sectors, potentially reshaping competition in leveraged ETF financing.

XRP (Ripple) trades at Rp25.176 on Pluang as of Oct 08, 2026 12:41 WIB, down 4.17% in one day. The market cap stands at Rp1.591,33 trillion with a 24-hour volume of Rp52,79 trillion. Buy orders dominate at 84%, and the typical hold time is 71 days, showing steady investor interest despite recent price drops.

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