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MAVRICK13
Wall Street has a new lender. Its name is Ripple.
Through Ripple Prime, the crypto company is financing leveraged stock ETFs. One reported deal charges an overnight funding benchmark plus 4 percentage points.
Ripple entered prime brokerage through its $1.25B Hidden Road acquisition.
Important: these are company-level fees, not proven $XRP token revenue.
Crypto is entering Wall Street’s financing business.
#XRP #Ripple #WallStreet #DailyOrbit
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