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

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

The crypto company's $1.25 billion acquisition of Hidden Road has opened a corner of Wall Street where funds pay to amplify daily moves in stocks such as Nvidia and Sandisk.

Key Takeaways

  1. The crypto company's $1.25 billion acquisition of Hidden Road has opened a corner of Wall Street where funds pay to amplify daily moves in stocks such as Nvidia and Sandisk.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.