Share this article
Ripple Expands U.S. Institutional Offering With Introduction of Digital Asset Spot Prime Brokerage
Ripple Prime offers OTC spot trading for major cryptocurrencies including XRP and RLUSD.
Nov 3, 2025, 1:57 p.m.
What to know:
- Ripple has launched a digital asset prime brokerage for U.S. clients.
- The new Ripple Prime platform offers OTC spot trading for major cryptocurrencies including XRP and RLUSD.
- U.S. institutions can now cross-margin spot, swaps, and futures positions under one platform for broader trading flexibility.
Ripple has launched a digital asset spot prime brokerage for U.S. institutional clients, marking a major step in its expansion into broader financial services following the acquisition of multi-asset prime broker Hidden Road earlier this year, the company said in a press release Monday.
The new platform, Ripple Prime, now enables over-the-counter (OTC) spot trading for dozens of major digital assets, including XRP and Ripple’s RLUSD stablecoin, as part of an integrated suite that also includes derivatives, swaps, fixed income, and foreign exchange products.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading needs,” said Michael Higgins, international CEO of Ripple Prime, in the release.
Ripple completed its acquisition of Hidden Road in October 2025, combining its regulatory licenses with Hidden Road’s prime brokerage infrastructure.
The move allows U.S. clients to cross-margin OTC spot positions alongside swaps and CME-listed futures and options, giving institutions more flexibility in managing their digital asset portfolios.
The expansion comes as Ripple continues to deepen its institutional crypto services, which now span payments, custody, and trading. Ripple Prime joins Ripple Payments, which uses blockchain technology to facilitate cross-border transactions, and Ripple Custody, a secure storage platform for digital assets.
Ripple’s native crypto assets, XRP and RLUSD, are integrated across these offerings to enhance liquidity and streamline settlement for institutional participants.
Ripple's XRP token was 4% lower at publication time, trading around $2.425.
Read more: Ripple Prime Is the Fintech Firm’s One-Stop Institutional Trading and Financing Desk
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan’s tokenized dollars are quietly rewiring how Wall Street moves money
The Wall Street titan’s recent embrace of a public blockchain is a harbinger of things to come.
What to know:
- The move from a private chain to Coinbase’s Base layer is driven by demand from institutions, JPMorgan said.
- The only cash equivalent options available in crypto are stablecoins, so there’s a need for a bank deposit product for payments on public chains, according to the Wall Street bank
- Typically JPM Coin can be used on Base as a means to either keep collateral or make margin payments for transactions related to crypto purchases.
Top Stories
