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Crypto

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

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

Summary

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.

Source & full coverage: this summary is aggregated from CoinDesk, the original publisher. Read the complete report for full context, data and quotes.

Read the original report at CoinDesk →