Prime Brokers


Finance

Ripple to Acquire Prime Broker Hidden Road for $1.25B, Expanding Institutional Push

Among other things, the deal is expected to strengthen Ripple’s stablecoin ambitions.

Money in hand (Unsplash)

Finance

Crypto-Friendly Prime Broker Hidden Road in Active Takeover Talks: Sources

The company is being advised by FT Partners, the sources said.

Money in hand (Unsplash)

Finance

FalconX Said to Have Suffered Wave of Senior Staff Departures, Including General Counsel, European Head

A total of 10-15 people have left the business recently, two sources said.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Crypto Prime Broker FalconX's Head of Trading Brian Strugats Has Left the Business

Strugats was based in New York and had worked for the crypto trading firm for more than three years.

(Paul Brennan/Pixabay)

Finance

Crypto Exchanges Clamping Down on Prime Brokers Is Backwards Step for Market Efficiency, Traders Say

Binance and OKX say closing a loophole that meant crypto prime brokers could offer lower fees is about transparency and creating a level playing field. Some trading firms say it's a backward step for market efficiency.

(Mohan Murugesan/Unsplash)

Finance

Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token

Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish.

Michael Higgins, global head of business development at Hidden Road (Hidden Road)

Markets

Why Prime Brokers Could Be a Source of Crypto Contagion

Prime brokers are a new source of liquidity in this cycle, which could be good and bad in the long-run, says Phillip Moran, CEO of the Digital Opportunities Group.

Subway

Finance

Nomura-Backed Custodian Komainu Adds Hidden Road to Crypto Collateral Management Platform

Hidden Road is the first provider offering digital prime brokerage services to join the ecosystem.

Statue of Komainu, the lion-dog (Shutterstock)

Finance

Crypto Trading Business Apifiny Snags FINRA Broker-Dealer License

Apifiny connects professional traders with 40-odd global exchanges to search the best execution prices.

Apifiny's employees in a photo from 2020.

Finance

Bequant Adds Services to Its Crypto Prime Brokerage Offering

Bequant added separately managed accounts, derivatives trading and instant fund transfers in a bid to compete with rival prime brokers.

Bequant CEO George Zarya

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