Ripple Expands Institutional Footprint As XRP Drops Below $2.30

Ripple, the blockchain company behind XRP (CRYPTO: XRP), is rapidly expanding its institutional footprint through a series of strategic acquisitions and new product offerings, signaling preparation for a potential XRP ETF launch.

What Happened: Ripple unveiled Ripple Prime, its new digital asset spot prime brokerage platform in the U.S., following the acquisition of multi-asset broker Hidden Road.

The platform enables U.S.-based institutions to execute OTC spot trades across major digital assets, including XRP and RLUSD, alongside access to forex, derivatives, swaps and fixed income products.

Ripple Prime also …

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