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

Ripple is acquiring fees for financing leveraged stock bets, a business previously run by banks. The crypto company's $1.25 billion acquisition of Hidden Road has opened a new Wall Street market where funds pay to amplify daily movements in stocks like Nvidia and Sandisk.

Sources

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

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