Why is XRP Going Up? LMAX Digital Adds Ripple USD Stablecoin for Institutional Clients

LMAX Group, a provider of institutional execution venues for FX and digital asset trading, has announced a new development for LMAX Digital clients. They can now access Ripple USD (RLUSD) Stablecoin.The XRPUSD H1 chart indicates that the price has been moving upwards following a bounce at a horizontal level. A nearby resistance may be encountered, and a breakout could potentially drive further upward movement.RLUSD Added to LMAX Institutional TradingThe addition is part of LMAX Group's ongoing effort to expand its institutional trading infrastructure. The inclusion of RLUSD is intended to offer institutions better access to highly liquid assets in a transparent market environment.LMAX Digital clients can now access #Ripple USD (RLUSD) Stablecoin. This expansion of our institutional trading infrastructure to include #RLUSD continues to highlight our commitment to provide institutions with efficient and transparent market access to the most liquid assets.… pic.twitter.com/XbUjQJTpg1— LMAX Group (@LMAX) March 19, 2025In October of the previous year, LMAX Group, which provides institutional execution venues for FX and digital assets trading, announced its acquisition of FX HedgePool, an institutional swaps matching service. This move follows LMAX's acquisition of Cürex's FX business, a New York-based company specializing in institutional foreign exchange execution services and data analytics, which occurred 12 months earlier. FX HedgePool brings expertise in the FX swaps and forwards market, complementing LMAX’s existing institutional client base in FX trading. This article was written by Tareq Sikder at www.financemagnates.com.

Mar 19, 2025 - 13:50

Why is XRP Going Up? LMAX Digital Adds Ripple USD Stablecoin for Institutional Clients

LMAX Group, a provider of institutional execution venues for FX and digital asset trading, has announced a new development for LMAX Digital clients. They can now access Ripple USD (RLUSD) Stablecoin.

The XRPUSD H1 chart indicates that the price has been moving upwards following a bounce at a horizontal level. A nearby resistance may be encountered, and a breakout could potentially drive further upward movement.

RLUSD Added to LMAX Institutional Trading

The addition is part of LMAX Group's ongoing effort to expand its institutional trading infrastructure. The inclusion of RLUSD is intended to offer institutions better access to highly liquid assets in a transparent market environment.

LMAX Digital clients can now access #Ripple USD (RLUSD) Stablecoin. This expansion of our institutional trading infrastructure to include #RLUSD continues to highlight our commitment to provide institutions with efficient and transparent market access to the most liquid assets.… pic.twitter.com/XbUjQJTpg1— LMAX Group (@LMAX) March 19, 2025

In October of the previous year, LMAX Group, which provides institutional execution venues for FX and digital assets trading, announced its acquisition of FX HedgePool, an institutional swaps matching service.

This move follows LMAX's acquisition of Cürex's FX business, a New York-based company specializing in institutional foreign exchange execution services and data analytics, which occurred 12 months earlier. FX HedgePool brings expertise in the FX swaps and forwards market, complementing LMAX’s existing institutional client base in FX trading. This article was written by Tareq Sikder at www.financemagnates.com.