CryptoMedium•9 October 2026•
1 min read
Ripple Challenges Wall Street Banks with Leveraged ETF Swap Financing Entry
Key Facts
1Ripple is challenging Wall Street banks by entering the leveraged ETF swap financing market.
2XRP price dropped by 6% amid heavy long liquidations in the market.
Ripple is challenging major Wall Street banks by entering the leveraged ETF swap financing market. Benzinga reported that the company is expanding its institutional financial services and infrastructure following its strategic acquisition of Hidden Road.
The price of XRP dropped by 6% amid heavy long liquidations in the market on October 9, 2026. This strategic expansion into institutional finance occurs as the native token faces immediate downward pressure from broader market volatility and liquidation events.