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Cryptocurrency platform
The XRP Ledger (XRPL), also called the Ripple Protocol, is a cryptocurrency platform launched in 2012 by Ripple Labs. The XRPL employs the native cryptocurrency known as XRP, and supports tokens, cryptocurrency or other units of value such as frequent flyer miles or mobile minutes.
More on Wikipedia ↗Ripple Prime will manage trading, clearing, and lending for Brevan Howard, a $35 billion hedge fund. Here's what this deal means for XRP.
Ripple Prime expanded its Brevan Howard mandate without disclosing XRP use. We trace which brokerage services involve the token, RLUSD or XRPL.
Leveraged ETFs now manage more than $256 billion in the US, giving Ripple a large market for swap financing.