Pantera, Galaxy Digital and Citadel Securities joined the deal, which expands Ripple’s institutional base as its payments and stablecoin businesses surge.
Ripple’s unified system for payments and wealth storage may give XRP an edge with institutions eyeing real-world utility beyond speculation, said Bitnomial CEO Luke Hoersten.
The weak action happened despite SOL exchange-traded products booking their second strongest weekly inflow on record driven by the new ETFs, CoinShares said.
The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data showed.