Ripple Joins International Swaps and Derivatives Association (ISDA)
Ripple Labs has gained membership with the International Swaps and Derivatives Association (ISDA), marking a significant milestone for both the company and the larger cryptocurrency industry.
Key Points:
– Ripple now stands alongside industry giants like J.P. Morgan, Goldman Sachs, CME Group, and BNY Mellon, reflecting its emerging dominance in the global financial sector.
– ISDA, with over a thousand institutional members spanning 79 countries, plays a crucial role in setting standards and ensuring risk management best practices in the derivatives market.
– Ripple’s inclusion in ISDA signifies the growing acceptance of digital assets on a global scale and opens doors to over 1000 institutions worldwide.
– Ripple has been making headlines with a recent favorable judgment on its XRP token sales and hints of reinvigorated activities with partners and clients in the U.S.
– Despite prevailing bearish trends, XRP’s value has seen a modest rise of 3.53%, trading at $0.64 at the time of writing.
Hot Take
Ripple’s membership in ISDA not only solidifies its position in the global financial sector but also showcases the growing acceptance of digital assets. With strategic moves and positive developments, Ripple is poised to leave a lasting impact in the global financial market.
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