Hidden Road’s clients in the US can now trade cash-settled OTC swaps across major crypto assets, marking one of the first product launches following its acquisition by Ripple.
Ripple’s newly acquired prime broker, Hidden Road, has launched cryptocurrency swaps for institutional investors in the United States.
The service allows US institutional clients to trade cash-settled over-the-counter (OTC) swaps across multiple major crypto assets, Hidden Road announced on May 28.
The new OTC swap product is offered by Hidden Road Partners, the company’s entity regulated by the United Kingdom’s Financial Conduct Authority (FCA).
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