Ripple Unveils Hidden Road-Backed Spot Prime Brokerage in US
Ripple has launched its spot prime brokerage in the US after acquiring Hidden Road for $1.25 billion. The spot prime brokerage offers institutional services including OTC spot trading, custody, settlement, and credit facilities. US clients can execute cross-margin OTC spot trades with CME futures and options. This integrated platform delivers deep liquidity, 24/7 trading, instant confirmations, and real-time reporting. It consolidates licenses, technology, and infrastructure into a single clearing, financing, and execution system. The launch complements Ripple’s On-Demand Liquidity solution and follows other strategic moves like the GTreasury acquisition and XRP reserve raise. Ripple aims to boost ecosystem liquidity, support on-chain payments, and capture more market share in the regulated US market.
Bullish
The launch of Ripple’s spot prime brokerage, backed by the Hidden Road acquisition, strengthens institutional access to regulated digital asset trading in the US. By integrating OTC spot trading, custody, settlement and cross-margin with CME futures, the service boosts liquidity and operational efficiency. In the short term, increased trading volume and market depth are likely to support higher token prices. Over the long term, broader institutional adoption and on-chain payment support could underpin sustained demand for XRP, BTC, ETH and other digital assets.