Following its recent acquisition of Hidden Road, blockchain payments company Ripple has formally expanded its institutional offering in the US to include spot digital asset brokerage, according to an announcement shared on Monday.
The new service, announced as the company prepares for its Swell conference in New York, offers clients the ability to execute OTC spot trades with a wide range of cryptocurrencies.
This strategic move positions Ripple as a leading multi-asset broker, offering a consolidated platform to access foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
This is a significant step in Ripple's aggressive expansion for 2025, which also includes the recent $1 billion acquisition of treasury management company GTreasury.