Ripple Prime Debuts US OTC Spot Brokerage for XRP ETFs
Ripple Prime has launched its OTC spot brokerage in the US, enabling institutional clients to execute, cross-margin and settle OTC spot trades in XRP, RLUSD and other digital assets. The service integrates with Ripple’s existing derivatives, FX, swaps and CME futures and options, offering seamless institutional trading infrastructure. Backed by Ripple’s $1.25 billion acquisition of Hidden Road and strategic deals like the $1 billion GTreasury buy and partnerships in Bahrain and South Africa, Ripple Prime expands its global footprint and reduces counterparty risk. RLUSD compliance under the GENIUS Act and progress toward a US national bank charter enhance institutional trust. With around 20 XRP ETF applications pending at the SEC and eight ETFs in the DTCC pipeline, experts predict the first spot XRP ETFs will launch soon. XRP is trading around $2.41, down over 8% this week, reflecting short-term consolidation. Ripple Prime’s OTC spot brokerage could drive liquidity and position XRP at the center of institutional adoption and anticipated ETF inflows.
Bullish
The launch of Ripple Prime’s OTC spot brokerage strengthens institutional infrastructure by integrating trading, custody and derivatives under one platform. This reduces counterparty risks and boosts liquidity for XRP and RLUSD. Compliance achievements like the GENIUS Act for RLUSD and a pending national bank charter enhance trust. With 20 XRP ETF filings at the SEC and eight ETFs in the DTCC pipeline, imminent ETF approvals are likely to drive significant inflows. While XRP’s short-term price has consolidated, the improved trading framework and growing institutional demand support a bullish outlook for XRP in both the medium and long term.