Ripple Prime opens 24/7 stock and commodity swaps
Photo: crypto.news
Ripple has expanded its institutional brokerage business into 24/7 stock and commodity derivatives trading, but HSBC has warned that limited market liquidity could prevent large investors from making extensive use of the service. Ripple Prime has introduced 24/7 perpetual swaps linked to more than 100 stock, commodity and currency markets. HSBC has warned that limited liquidity could restrict participation from larger institutions, particularly when traders need to enter or exit substantial positions over the weekend. Trading firm Virtu is already using the service, while Ripple Prime allows institutional clients to use RLUSD as collateral and manage risk across supported positions.
Also reported by Coinspeaker.
Source: crypto.news
