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Home›Crypto›Altcoins›Ripple’s Hidden Road deal links crypto fees to leverag…

Ripple’s Hidden Road deal links crypto fees to leveraged stock bets

Ripple’s $1.25 billion acquisition of Hidden Road has helped create a business where funds pay fees to amplify daily moves in individual stocks.

Reported · Written up by our desk · Altcoins

CoinDesk reports Ripple is using crypto-linked fee revenue to finance leveraged stock trading activity through its acquisition of Hidden Road.

The outlet says the $1.25 billion deal has opened a niche that resembles a Wall Street playbook, where funds pay to amplify day-to-day moves in equities.

CoinDesk specifically points to leveraged trading tied to stocks including Nvidia and Sandisk, indicating the strategy spans mainstream equity names as well as the crypto company’s finance engine.

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Sources

CoinDeskRipple is earning fees financing leveraged stock bets, a business long run by banks

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