Crypto Prime brokers leave banks behind them
Ripple agreed to buy Hidden Road, Crypto Prime, in a $ 1.25 billion deal. It is one of the largest acquisitions in the encryption sector – the evening is only to purchase 1.5 billion dollars of Ninjatrader and turn the $ 1.1 billion Stripe deal for the bridge. A separate deal of $ 1.2 billion, which involves Galaxy Digital, has been discussed, but it has not been completed.
the The Tamul-Road Road Agreement It highlights two main points: the increasing dominance of the main intermediaries of encryption and the increasing role in Stablecoins.
While Stablecoin includes the Stablecoin empowerment of Ripple for use as a guarantee in Hidden Road services, real ready -made meals are the increasing importance of the main brokers.
You may also love: Roading the knee is raised on the Crypto Road’s High at MICA, the future of industry
Institutions pay the demand for the main intermediaries
The main brokers play a major role in the financial markets, including the growing encryption sector, by providing a full range of services such as trading, custody and association with major institutions such as hedge funds, banks and private stock companies.
Banks are major players in the main mediation industry. Their global arrival, access to capital, and strong risk systems make it perfectly suitable to support institutional trading needs. However, when it comes to encryption, banks are reluctant to operate as major mediators due to organizational uncertainty, high market fluctuation, and concerns related to custody and compliance. The lack of clear rules and the risk of exposure to informal assets makes traditional banks cautious about the entry of encrypted brokerage area. Goldman Sachs is a classic example re -launched traditional primary mediation services in 2020, but it was Slow to expand to encryption.
Since traditional banks were slow to communicate with the risks of encryption, the main intermediaries who focus on encryption are to meet the increasing institutional demand. Hidden Road, founded in 2018 by Marc Asch, Clearing, Main Mediator, Foreign Currency Financing, Digital Assets, Derivatives, Trays, and Fixed Income Markets.
🚨 Here is the full speech monicalongsf on @ripple Get a hidden road for $ 1.25 billion
How will RLUSD be used?!
Will XRP participate in this deal?
Does the sound level explode on XRPL?
Check and re -publish the video players 👇 pic.twitter.com/knoq1wp7amArthur (XRPARTHUR) April 8, 2025
Because these services need large amounts of capital, ripple He agreed to pump billions on a hidden road to provide immediate volume and meet the market demand.
Hidden Road currently wipes $ 3 trillion annually in all markets and serves more than 300 major institutional customers. With Ripple support, the broker plans to develop his ability to serve more customers in the future.
You may also love: “The request from very large institutions” pays the launch of the fixed income in Hidden Road in 2025
A growing set of the main broker unicorn
The hidden road is not the only mediator for one billion dollars. FalconxWith the support of GIC, leads the package with a rating of $ 8 billion. It published a record growth in the second quarter of 2024, with revenue increased 2.5 times compared to self in 2023. According to its website, Falconx has completed more than $ 1.5 trillion in trading volume by the end of 2023 and serves more than 600 institutional customers.
Matrixport It is the last unicorn in space, with a value of more than one billion dollars. Last September, it acquired the arm of the asset management at Crypto Finance, owned by Deutsche Börse Group.
New companies also enter space. Last year, Tim Grant – CEO of Six Digital – launched Crypto Prime Brokerage and is now driving one billion dollars Deus X Capital.
“Traditional banks will be presented in the end Prime brokerage services for encryption After organizational clarity, Grant said Financial news. “But this does not happen in the next two or three years.
Meanwhile, firm names such as Coinbase focuses on institutional customers. In the fourth quarter of 2024, the stock exchange on the Nasdaq Stock Exchange received $ 141 million of institutional transactions revenue, an increase of 156 percent over the previous quarter.
In the shareholders ’speech, Coinbase added that its“ Onboarding Pipeline is still strong ”as more customers adopt its initial services through custody, trade, financing and trick.
Ripple agreed to buy Hidden Road, Crypto Prime, in a $ 1.25 billion deal. It is one of the largest acquisitions in the encryption sector – the evening is only to purchase 1.5 billion dollars of Ninjatrader and turn the $ 1.1 billion Stripe deal for the bridge. A separate deal of $ 1.2 billion, which involves Galaxy Digital, has been discussed, but it has not been completed.
the The Tamul-Road Road Agreement It highlights two main points: the increasing dominance of the main intermediaries of encryption and the increasing role in Stablecoins.
While Stablecoin includes the Stablecoin empowerment of Ripple for use as a guarantee in Hidden Road services, real ready -made meals are the increasing importance of the main brokers.
You may also love: Roading the knee is raised on the Crypto Road’s High at MICA, the future of industry
Institutions pay the demand for the main intermediaries
The main brokers play a major role in the financial markets, including the growing encryption sector, by providing a full range of services such as trading, custody and association with major institutions such as hedge funds, banks and private stock companies.
Banks are major players in the main mediation industry. Their global arrival, access to capital, and strong risk systems make it perfectly suitable to support institutional trading needs. However, when it comes to encryption, banks are reluctant to operate as major mediators due to organizational uncertainty, high market fluctuation, and concerns related to custody and compliance. The lack of clear rules and the risk of exposure to informal assets makes traditional banks cautious about the entry of encrypted brokerage area. Goldman Sachs is a classic example re -launched traditional primary mediation services in 2020, but it was Slow to expand to encryption.
Since traditional banks were slow to communicate with the risks of encryption, the main intermediaries who focus on encryption are to meet the increasing institutional demand. Hidden Road, founded in 2018 by Marc Asch, Clearing, Main Mediator, Foreign Currency Financing, Digital Assets, Derivatives, Trays, and Fixed Income Markets.
🚨 Here is the full speech monicalongsf on @ripple Get a hidden road for $ 1.25 billion
How will RLUSD be used?!
Will XRP participate in this deal?
Does the sound level explode on XRPL?
Check and re -publish the video players 👇 pic.twitter.com/knoq1wp7amArthur (XRPARTHUR) April 8, 2025
Because these services need large amounts of capital, ripple He agreed to pump billions on a hidden road to provide immediate volume and meet the demand for the market.
Hidden Road currently wipes $ 3 trillion annually in all markets and serves more than 300 major institutional customers. With Ripple support, the broker plans to develop his ability to serve more customers in the future.
You may also love: “The request from very large institutions” pays the launch of the fixed income in Hidden Road in 2025
A growing set of the main broker unicorn
The hidden road is not the only mediator for one billion dollars. FalconxWith the support of GIC, leads the package with a rating of $ 8 billion. It published a record growth in the second quarter of 2024, with revenue increased 2.5 times compared to self in 2023. According to its website, Falconx has completed more than $ 1.5 trillion in trading volume by the end of 2023 and serves more than 600 institutional customers.
Matrixport It is the last unicorn in space, with a value of more than one billion dollars. Last September, it acquired the arm of the asset management at Crypto Finance, owned by Deutsche Börse Group.
New companies also enter space. Last year, Tim Grant – CEO of Six Digital – launched Crypto Prime Brokerage and is now driving one billion dollars Deus X Capital.
“Traditional banks will be presented in the end Prime brokerage services for encryption After organizational clarity, Grant said Financial news. “But this does not happen in the next two or three years.
Meanwhile, firm names such as Coinbase focuses on institutional customers. In the fourth quarter of 2024, the stock exchange on the Nasdaq Stock Exchange received $ 141 million of institutional transactions revenue, an increase of 156 percent over the previous quarter.
In the shareholders ’speech, Coinbase added that its“ Onboarding Pipeline is still strong ”as more customers adopt its initial services through custody, trade, financing and trick.
https://images.financemagnates.com/images/Ripple%20CEO%20Brad%20Garlinghouse%20%28wikimedia%20commons%29_id_dd2064b4-93ca-49ac-8256-791f944b745f_size900.jpg
