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
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