Ripple Prime now lets institutional clients trade swaps tied to more than 100 stock, commodity and currency markets around the clock, using its RLUSD stablecoin as collateral. HSBC's Daragh Maher called the launch “evolutionary, not revolutionary,” warning that thin liquidity could limit large trades and initially benefit market makers, proprietary traders and hedge funds. The risks of weekend trading surfaced on Saturday, when nearly $52 million in leveraged chip-stock positions were forcibly closed within 10 minutes while the underlying shares were not trading. HSBC said Ripple's success will depend on whether the service is cheaper, simpler and makes better use of collateral than existing brokers and venues.
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Related tickers and likely impact
XRP/USDT
• NeutralXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $81.8B |
| Close on 10/20/2026 | 1.33580 |
| Change that session | +2.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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