Hidden Road, recently acquired by Ripple in a $1.25 billion deal, has launched over-the-counter (OTC) crypto swaps for institutional investors in the United States. This marks the firm’s first major product introduction since the acquisition was announced in April this year. The service enables U.S.-based institutional clients to trade cash-settled OTC swaps on major digital assets through Hidden Road’s FCA-regulated UK entity. Hidden Road OTC Crypto Swap Services in the US Hidden Road’s new product allows institutional investors in the U.S. to access cash-settled OTC swaps across a broad range of cryptocurrencies. These swaps are privately negotiated contracts that enable traders to exchange crypto assets without impacting exchange market prices. OTC swaps are used globally but were previously limited for U.S. institutional investors due to regulatory constraints and market gaps. Michael Higgins, the International CEO, noted, “The United States digital asset market has long been under-served from a product standpoint…. Read More at Coingape.com

The post Hidden Road Launches First US OTC Crypto Swaps Since $1.25B Ripple Acquisition appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed