coin-img-ETHETH+0.72%coin-img-SOLSOL+1.41%coin-img-BTCBTC+0.68%coin-img-PUMPPUMP-0.23%coin-img-XRPXRP+0.82%coin-img-USDCUSDC-0.01%coin-img-NEARNEAR+2.90%coin-img-HYPEHYPE-0.36%coin-img-ETHETH+0.72%coin-img-SOLSOL+1.41%coin-img-BTCBTC+0.68%coin-img-PUMPPUMP-0.23%coin-img-XRPXRP+0.82%coin-img-USDCUSDC-0.01%coin-img-NEARNEAR+2.90%coin-img-HYPEHYPE-0.36%coin-img-ETHETH+0.72%coin-img-SOLSOL+1.41%coin-img-BTCBTC+0.68%coin-img-PUMPPUMP-0.23%coin-img-XRPXRP+0.82%coin-img-USDCUSDC-0.01%coin-img-NEARNEAR+2.90%coin-img-HYPEHYPE-0.36%coin-img-ETHETH+0.72%coin-img-SOLSOL+1.41%coin-img-BTCBTC+0.68%coin-img-PUMPPUMP-0.23%coin-img-XRPXRP+0.82%coin-img-USDCUSDC-0.01%coin-img-NEARNEAR+2.90%coin-img-HYPEHYPE-0.36%

Brevan Howard Picks Ripple Prime for Multi-Asset Prime Brokerage, Clearing and Funding

AI Market Summary
Brevan Howard's adoption of Ripple Prime for multiasset prime brokerage, clearing, and financing signals increasing institutional penetration of Ripple's infrastructure. As a ~$35B AUM hedge fund and prior Ripple investor, Brevan's deeper operational integration strengthens credibility and could improve liquidity and demand for Ripple's services. Near term, the news is supportive for XRP sentiment via validation of enterprise and institutional use cases.
Impact level
● Medium
Affected assets
XRP/USDT+0.79%
AI Insight · XRP/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Brevan Howard will tap Ripple Prime for multi-asset prime brokerage, clearing and financing services, The Block reported, cited by ChainCatcher. The arrangement will provide the hedge fund—managing about $35 billion in assets—with a broader suite of brokerage and balance-sheet support across multiple asset classes. The partnership extends Brevan Howard's existing relationship with Ripple, following its prior investment and participation in Ripple's $500 million strategic financing round last year.
XRP
XRP+0.81%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.