Ripple Prime, Ripple's brokerage arm, has secured a $200 million credit facility from Neuberger Berman to expand its margin trading capabilities for institutional investors. This funding will allow Ripple Prime to offer deeper liquidity and unified credit lines across multiple asset classes, including crypto and traditional equities. The move follows Ripple's $1.25 billion acquisition of Hidden Road and aligns with growing regulatory support for cryptocurrency trading in the U.S. Ripple Prime aims to strengthen its position ahead of competitors like State Street and Standard Chartered, who are also entering crypto brokerage services.
Global crypto exchange-traded products experienced $1.67 billion in outflows last week, extending a three-week total of $4.21 billion in withdrawals. Bitcoin-linked funds led the selloff with $1.44 billion withdrawn, marking the largest weekly outflo...
Institutional investors have sold $1.67 billion in Bitcoin and other crypto assets in the past week, marking the third consecutive week of outflows and the second-largest weekly outflow this year. Bitcoin led the sell-off with $1.438 billion withdraw...
Ripple released one billion XRP tokens from escrow worth over $1.33 billion, raising concerns about increased supply as XRP trades near a multi-month low. Despite this, bullish sentiment surged with funding rates up 151%, indicating traders expect a ...
Veteran trader Peter Brandt has shifted his stance by identifying XRP, alongside Solana and Ethereum, as leading cryptocurrencies for practical, real-world transactions. This marks a notable change given his previous criticism of XRP and its communit...
Despite a $1.67 billion withdrawal from institutional crypto funds driven by U.S. and German investors amid geopolitical tensions, XRP-based products saw $20.3 million in net weekly inflows. This resilience contrasts with the broader crypto market, w...
