Ripple Activates US Spot Prime Brokerage After $1.25B Hidden Road Takeover
Ripple launched digital asset spot prime brokerage capabilities for US institutional clients on Nov. 3, 2025. The service allows clients to execute over-the-counter spot transactions across dozens of digital assets.
The launch represents the first major integration following Ripple’s $1.25 billion acquisition of prime broker Hidden Road, according to a company announcement. The acquired firm has been rebranded as Ripple Prime. The transaction was completed in October 2025.
US institutional clients can now cross-margin their OTC spot transactions with the rest of their digital asset portfolio. The platform supports OTC swaps and CME futures and options.
Ripple Prime Integrates Hidden Road Infrastructure
Ripple Prime combines the company’s regulatory licenses with Hidden Road’s existing infrastructure. Hidden Road had already launched a prime brokerage service for cash-settled OTC digital asset swaps in the US market in May 2025.
The platform offers similar services to established institutional providers like Coinbase Prime. Ripple has also pursued Ripple’s $1B XRP buyback and acquired treasury management firm GTreasury.
Platform Supports XRP and RLUSD Trading
The spot trading service explicitly includes XRP XRP $2.37 24h volatility: 5.2% Market cap: $142.22 B Vol. 24h: $4.72 B and Ripple’s RLUSD stablecoin among the available assets.
Ripple President Monica Long said that some derivatives customers are already holding balances in RLUSD. The company is exploring additional ways to utilize both RLUSD and XRP within the platform. Ripple’s RLUSD stablecoin has been adopted by humanitarian organizations including World Central Kitchen and Water.org for cross-border aid payments.
Ripple partners have also targeted retail users. Uphold relaunched US debit cards with 6% XRP rewards in recent months.
Michael Higgins, International CEO of Ripple Prime, stated that the spot brokerage launch provides US institutions with a comprehensive offering for their trading strategies. The platform offers services across foreign exchange, digital assets, derivatives, swaps, and fixed income.
nextThe post Ripple Activates US Spot Prime Brokerage After $1.25B Hidden Road Takeover appeared first on Coinspeaker.
You May Also Like
Tether CEO Delivers Rare Bitcoin Price Comment
BitGo wins BaFIN nod to offer regulated crypto trading in Europe
BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
