The exchange is increasingly aiming to position itself as a global financial tech platform spanning crypto, payments and tokenized assets, following an investment and joint venture with NYSE parent ICE.
Ripple Prime will provide prime brokerage, clearing and financing to Brevan Howard, deepening a tie that began with its Ripple investment.
“Excuse the rant I am about to unleash”, said the veteran crypto trader claiming XRP has one big issue.
OKX has secured fresh strategic investment at a $25 billion valuation from a group including Ripple, Circle, Standard Chartered's SC Ventures, and Qube Research & Technologies. OKX Keeps Valuation as New Strategic Investors Pile In OKX has added another group of heavyweight financial backers without giving up ground on its valuation.
OKX has raised fresh capital at a $25 billion valuation from Circle, Ripple, Standard Chartered's SC Ventures and QRT.
Ripple has expanded its partnership with Brevan Howard, with its prime brokerage platform set to provide certain services to the fund manager. This builds on the partnership from last year, when Brevan Howard's affiliates invested in the crypto firm.
Although XRP price has faced a strong resistance level near $1.53 as of October 6, 2026, its futures trading volume on major cryptocurrency exchanges has surged to a six-month high, which could bolster the token's recently established bullish sentiment.
Ripple has taken another step deeper into institutional finance by expanding its relationship with Brevan Howard.
A social-media proposal would raise the standard reference transaction cost by 10 or 100 times. The increase would burn more XRP per transaction while raising the minimum cost to users.
An XRP fee debate broke out on October 5, as Ripple CTO Emeritus David Schwartz pushed back against community proposals to increase XRP Ledger (XRPL) transaction fees in order to accelerate burn rates.
Worldcoin (WLD) leads South Korea's AI coin surge as traders shift away from traditional crypto favorites.
Caroline Pham, CEO of MoonPay Institutional and former CFTC Acting Chairman, sparked speculation within the XRP army about a potential big announcement related to Ripple. She had used similar hints before announcements such as a partnership with WisdomTree last month.