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.
A large trader opened short positions totaling about $21.87 million across PUMP, Solana (SOL), and XRP on October 8 after closing a long PUMP position at a loss. The trader's short positions included 1.5 billion PUMP tokens with 5x leverage, 75,000 S...
On October 8, Dogecoin saw a significant 13.34% drop in perpetual-futures open interest to $241.1 million, with a positive funding rate indicating longs pay shorts. Meanwhile, XRP recorded the most negative funding rate at -0.0031% every eight hours,...
Bitcoin fell 1.63% to $82,926 on October 8 amid a 4.44% decline in the total cryptocurrency market, which now stands at $2.83 trillion. Major tokens like Ether, XRP, Solana, and Dogecoin also saw losses, while BNB remained nearly flat. NEAR Protocol ...
XRP is now backing protection for decentralized finance (DeFi) vaults through Firelight's activation of coverage on the Flare blockchain. This service embeds risk management into investment products like Sentora's USD Protected Vault and Protected RW...
The crypto market declined recently due to three main factors: significant outflows from US Bitcoin and Ether spot ETFs, forced liquidation of $651 million in long futures positions, and Federal Reserve minutes indicating a likely further interest ra...
