1. BITBILIHome
  2. Article

ISDA Welcomes Ripple Labs as Member of Elite Global Derivatives Trade Body

• 98 views

TL;DR Breakdown

  • Ripple Labs has become a member of the ISDA, joining over 1000 institutions from 79 countries and aligning itself with financial giants like JP Morgan and Goldman Sachs.
  • Following a favorable legal ruling regarding the sale of XRP tokens, Ripple’s ISDA membership could pave the way for increased collaboration and acceptance of cryptocurrencies in mainstream finance.

Description

In a significant development, Ripple Labs, a leading player in the cryptocurrency market, has become a member of the International Swaps and Derivatives Association (ISDA). This prestigious trade organization comprises market participants for over-the-counter (OTC) derivatives. Ripple’s inclusion in the ISDA makes it one of the few cryptocurrency companies to join the ranks of global … Read more

In a significant development, Ripple Labs, a leading player in the cryptocurrency market, has become a member of the International Swaps and Derivatives Association (ISDA). This prestigious trade organization comprises market participants for over-the-counter (OTC) derivatives. Ripple’s inclusion in the ISDA makes it one of the few cryptocurrency companies to join the ranks of global financial giants such as JP Morgan, Blackrock, Goldman Sachs, BNY Mellon, and the London Stock Exchange.

Contents
hide

1
Ripple’s Entry into the ISDA: A Milestone for Crypto Market

2
Ripple’s Membership in the ISDA: What It Means

3
The Future of Ripple and the Crypto Market

4
Conclusion

Ripple’s Entry into the ISDA: A Milestone for Crypto Market

Ripple’s membership in the ISDA marks a significant milestone for the cryptocurrency market. The ISDA is a trade organization that includes derivatives market participants such as corporations, investment managers, and insurance companies. Interestingly, the trade body also includes Algorand, another digital asset, as a member in the Digital Assets category.

Ripple Labs’ inclusion in this elite group is a testament to the growing acceptance and recognition of digital assets in the global financial market. It also underscores Ripple’s growing influence and potential to shape the future of digital transactions. Ripple already has working relationships with several global financial institutions, businesses, and governments, and its entry into the ISDA is likely to strengthen these ties further.

Ripple’s Membership in the ISDA: What It Means

With its membership in the ISDA, Ripple has now joined a group of over 1000 member institutions from 79 countries. This is a significant achievement for the company and a clear indication of its growing influence in the global financial market. However, it remains to be seen if Ripple will forge any collaborations with the trade organization and its members.

Ripple’s entry into the ISDA comes at a time when the company is looking to expand its footprint in the global financial market. Recently, the company received a favorable ruling from Judge Analisa Torres, who ruled that the sale of XRP tokens to retail buyers does not qualify as securities, while those to institutional holders amount to securities. This ruling has significantly boosted Ripple’s operations, and company officials have stated that they are now re-engaging in activities with United States-based partners and clients.

The Future of Ripple and the Crypto Market

Ripple’s entry into the ISDA is a significant development for the company and the broader cryptocurrency market. It clearly indicates the growing acceptance of digital assets in the global financial market. However, it also raises several questions about the future of Ripple and the crypto market.

Will Ripple’s membership in the ISDA lead to increased collaboration with other members of the trade organization? Will it lead to greater acceptance of digital assets in the global financial market? And what does this mean for the future of Ripple and the broader cryptocurrency market?

These are questions that market participants and observers in the coming months will closely watch. But for now, Ripple’s entry into the ISDA is a significant milestone for the company and a clear indication of its growing influence in the global financial market.

Conclusion

Ripple Labs’ membership in the International Swaps and Derivatives Association (ISDA) is more than just a corporate milestone; it’s a symbolic moment that reflects the evolving landscape of the global financial market. By joining the ranks of traditional financial powerhouses, Ripple has not only validated its standing in the financial community but also signaled a broader acceptance of digital assets.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:ISDA Welcomes Ripple Labs as Member of Elite Global Derivatives Trade Body

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月5日 13:10
Next 2023年8月5日 18:38

Related articles

  • Ripple’s court win could echo in Coinbase and Binance’s legal Fights, says Ripple’s Chief Legal Chief

    TL;DR Breakdown Ripple Labs’ chief legal officer, Stuart Alderoty, believes Ripple’s recent victory against SEC could influence other pending crypto cases. In a significant legal development, Ripple successfully dismissed the SEC’s charges of unregistered securities offerings of XRP. Alderoty asserts that the exchange of digital tokens does not equate to an investment contract, potentially benefiting Coinbase and Binance. Description In a significant development, Ripple Labs’ chief legal officer, Stuart Alderoty, stated that Ripple’s recent victory over the U.S. Securities and Exchange Commission (SEC) could set the stage for other pending crypto litigations. This comes after Ripple triumphed in a landmark court case in mid-July, successfully rebuffing the SEC’s charges of unauthorized securities offerings involving … Read more In a significant development, Ripple Labs’ chief legal officer, Stuart Alderoty, stated that Ripple’s recent victory over the U.S. Securities and Exchange Commission (SEC) could set the stage for other pending crypto litigations. This comes after Ripple triumphed in a landmark court case in mid-July, successfully rebuffing the SEC’s charges of unauthorized securities offerings involving XRP. Consequently, Alderoty expressed his insights on TechCrunch’s…

    Article 2023年7月27日

  • Crypto industry on edge as Multichain’s safety concerns deepen

    TL;DR Breakdown Concerns concerning Multichain, an important venue for moving assets between blockchains, have crypto industry stakeholders bolstering their defenses. Multichain uses a mint-and-lock mechanism to move assets between the 92 blockchains it interacts with. Multichain’s namesake asset MULTI suffers the consequence of the security bridge. It was trading at $3.8 at press time, a 54% drop from where it was before the crisis of confidence began. Participants in the crypto ecosystem are on high alert as Multichain’s silence fuels worries about the platform’s safety. According to reports, key participants in the crypto industry are fortifying their defenses as worries about Multichain, a major platform for transferring assets between different blockchains, mount. Multichain protocol delay causes token price crash Following a bullish April, May was yet another month of hacks, rug pulls, and exploits, bringing uncertainty back to DeFi. The protocol in question has garnered the most media attention recently. The delayed node upgrade for the cross-chain DeFi protocol had a domino effect and caused a 30% token price crash. While most of the cross-chain routes of Multichain protocol are…

    Article 2023年5月29日

  • Japan’s 10-year yield above 9-year high prompting alarm at BOJ

    TL;DR Breakdown On Tuesday, Japan’s 10-year government bond yield achieved its highest point over nine years. The increase was driven by a growing agreement that the Federal Reserve would choose to keep interest rates elevated for a prolonged period, considering the strength of the U.S. economy. Description On Tuesday, Japan’s 10-year government bond yield attained its highest level in more than nine years. The move is significant to the central bank’s recent market intervention in response to a comparable situation earlier this month. The 10-year yield of the Japanese Government Bond (JGB) climbed by 1 basis point, touching 0.660%, a value not … Read more On Tuesday, Japan’s 10-year government bond yield attained its highest level in more than nine years. The move is significant to the central bank’s recent market intervention in response to a comparable situation earlier this month. The 10-year yield of the Japanese Government Bond (JGB) climbed by 1 basis point, touching 0.660%, a value not witnessed since January 2014. This escalation followed the upward trend of U.S. yields, mirroring its movement. Japan’s 10-year yield crosses…

    Article 2023年8月22日

  • FTX’s financial crisis: Can payments to celebrity athletes be reversed?

    TL;DR Breakdown FTX is probing into reversing millions in payments to high-profile athletes and teams after its unexpected downfall last November. The outcome of this investigation could set a significant precedent for the cryptocurrency market and impact the financial standing and reputation of the involved athletes and teams. Description In a shocking revelation, FTX, the cryptocurrency platform founded by Sam Bankman-Fried, is investigating the possibility of reversing millions in payments made to high-profile athletes and teams. This comes in the wake of the company’s unexpected collapse last November. Financial advisers working on behalf of FTX have recently disclosed in court documents their ongoing analysis … Read more In a shocking revelation, FTX, the cryptocurrency platform founded by Sam Bankman-Fried, is investigating the possibility of reversing millions in payments made to high-profile athletes and teams. This comes in the wake of the company’s unexpected collapse last November. Financial advisers working on behalf of FTX have recently disclosed in court documents their ongoing analysis into whether certain payments made to athletes before the company’s downfall can be reclaimed under Chapter 11 bankruptcy…

    Article 2023年9月10日

  • White House and Yellen criticize Fitch’s rating downgrade

    TL;DR Breakdown Fitch Ratings downgraded the United States’ debt rating from AAA to AA+. The downgrade cited expected fiscal deterioration and erosion of governance as reasons. Both the White House and Treasury Secretary Janet Yellen strongly disagreed with the decision, calling it “bizarre and baseless.” Description In a controversial move that sparked immediate backlash from the White House and U.S. Treasury Secretary Janet Yellen, Fitch Ratings lowered the United States’ debt rating from AAA to AA+ on Tuesday. The downgrade, which officials are labeling as “bizarre and baseless,” has opened up a fresh debate on the fiscal policies, governance standards, and … Read more In a controversial move that sparked immediate backlash from the White House and U.S. Treasury Secretary Janet Yellen, Fitch Ratings lowered the United States’ debt rating from AAA to AA+ on Tuesday. The downgrade, which officials are labeling as “bizarre and baseless,” has opened up a fresh debate on the fiscal policies, governance standards, and the underlying reasons for this unexpected decision by one of the largest credit rating agencies in the U.S. Fitch’s justification The…

    Article 2023年8月4日
TOP