News
Significance:
7/10

Ripple deploys $1.25bn to become first crypto company with global broker

https://www.dlnews.com/articles/markets/xrp-company-ripple-deploys-billions-in-bid-for-global-brokerage

Pedro Solimano

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
XRP is up 8% due to the acquisition news and increased institutional adoption.
Bullish
RLUSD is being used as collateral for prime brokerage products, increasing its utility.
Bullish
Ripple's acquisition of Hidden Road and other deals indicate strong growth and institutional adoption.