Ripple’s Hidden Road launches digital asset swaps Prime Brokerage
US based institutional clients will now be able to execute cash-settled OTC swaps across dozens of the most prominent digital assets.
US based institutional clients will now be able to execute cash-settled OTC swaps across dozens of the most prominent digital assets.
This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform.
Ripple, a provider of digital asset infrastructure for financial institutions, today announced it is acquiring Hidden Road for $1.25 billion.
Finery and Hidden Road will provide anonymous trading with firm “no last look” for liquidity takers and toxic flow protection for market makers.
Route28’s launch is anchored by a number of market makers and trading firms including Capital.com, FXCM, Pepperstone, oneZero, and Gold-i.
Hidden Road is one of the first firms across traditional and digital assets to offer prime brokerage services with real-time API functionality.
Hidden Road clients will have streamlined access to Crossover’s CROSSx execution-only ECN for spot crypto transactions.