Ripple vs Wall Street Banks: Why The Wall Street Journal Calls It an Important Competitor
Ai Focus
The Wall Street Journal reported that Ripple, which has already been involved in stablecoins, custody, cross-border payments, and principal brokerage services, is further entering the traditional business areas of Wall Street and becoming an "important competitor" to banks. A supporter of XRP stated that this report indicates that Ripple is quietly becoming a key intermediary in the leveraged ETF market, earning daily swap spreads from funds that are held for more than one trading day and perform below the benchmark. This supporter also believes that post-financial crisis banking regulatory rules have left this high-fee niche market for non-bank institutions.
Ripple vs Wall Street Banks: Why The Wall Street Journal Calls It an Important Competitor
The Wall Street Journal reported that Ripple, which has been active in stablecoins, custody, cross-border payments, and principal brokerage services, is now further entering the territory of Wall Street itself and becoming an "important competitor" to banks.
A supporter of XRP stated that this report by The Wall Street Journal indicates that Ripple is quietly becoming a key intermediary in the ETF market, earning daily swap spreads from funds that underperform their benchmarks for investors who hold positions for more than one trading day.
This supporter also stated that the banking regulatory rules after the financial crisis have left this high-cost niche market space for non-bank institutions.
Author: Anjali Belgaumkar. Source: CoinPedia.
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