Ripple hits 100M ledgers as Garlinghouse heads to Swell
Brad Garlinghouse will appear with U.S. digital asset advisor Patrick Witt at Swell Conference, armed with a number of significant achievements.
Specifically, the crypto derivatives platform Bitnomial announced that it has begun accepting deposits in XRP and Ripple USD (RLUSD) for margin trading. The offering targets institutional clients trading perpetual contracts, futures, and options using leverage.
Retail traders will gain access to those tokens for margin through Botanical, Bitnomial’s retail platform. The exchange said the update expands settlement and liquidity options for its products.
Swell opened with remarks from Ripple President Monica Long and has drawn executives from crypto, banking and policy. Nasdaq Chair and CEO Adena Friedman took part in a session on blockchain and digital assets. Conference panels have addressed on-chain finance and stablecoins.
Patrick Witt posted that he is excited to share the stage with Brad Garlinghouse and wrote, "the future is bright." Bitwise CEO Hunter Horsley commented that traditional financial services and crypto are finally coming together. Kraken Co-CEO David Ripley remarked stablecoins are "a far superior payment mechanism than anything in traditional finance."
Ripple reported the XRP Ledger has passed 100 million closed ledgers, a milestone the company cited to illustrate ongoing ledger activity.
As reported earlier by GNCrypto, Ripple launched Ripple Prime, a U.S. institutional brokerage offering OTC spot trading and custody for XRP, Bitcoin, Ethereum and RLUSD after acquiring multi-asset broker Hidden Road for $1.25 billion. The Prime platform supports cross-margining with CME futures and options and follows Ripple’s $1 billion acquisition of GTreasury to expand corporate payments and treasury services.
