Hidden Road partners with Bitfinex after Bybit KYC issues

After halting support for BybBits crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange.

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The Hidden Cost of AIs High GPU Dependency Revealed: Discover the More Affordable and Efficient Alternative

Artificial intelligence (AI) is increasingly reliant on Graphics Processing Units (GPUs) to power its algorithms and applications. As AI technology continues to advance, the demand for high-performance GPUs is surging. GPUs play a crucial role in accelerating the processing power required for deep learning algorithms, neural networks, and other AI-related tasks. The parallel processing capabilities [...]

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Hidden Road Integrates OKX Nitro Spreads for Arbitrage Strategies

To bolster its institutional trading offerings, popular crypto exchange OKX hasannounced a collaboration with Hidden Road Partners, a credit network forinstitutions. The partnership aims to provide Hidden Road's clients with accessto OKX's deep liquidity and faster execution of complex trading strategies.

OKX, Hidden Road Partnerto Enhance Institutional Crypto Trading

As part ofthe collaboration, OKX will focus on integrating its Nitro Spreads service with Hidden Road's prime brokerage services. Nitro Spreads enables the execution of futures and basis spreads, as well as funding rate arbitragestrategies.

Theintegration is set to offer several advantages to Hidden Road's institutionalclient base. These benefits include on-demand access to OKX's deep liquidityfor both makers and takers, minimized leg risk between markets throughguaranteed filling of matching quantities for each leg, and guaranteed spreadselection before trade execution, which mitigates unexpected price slippagerisks.

HiddenRoad continually seeks to increase market access and capital efficiency throughexpanded prime brokerage offerings, Michael Higgins, the International CEO and Global Head of Business Development atHidden Road, commented. Integrating OKX's Nitro Spreadsproduct builds upon this philosophy by extending our counterparties' ability toexecute risk-managed arbitrage strategies."

OKX Partners with Hidden Road to Offer Prime Brokerage Clients Access to Deep Liquidity and Streamlined Execution of Complex Trades https://t.co/1Z5JRmGzqm

Higginsrecently spoke with Finance Magnates, suggesting that new Bitcoin ETFswill significantly change the cryptocurrency market by introducing previously unknown strategies.

OKXrecently expanded its derivatives and cryptocurrency trading services and entered the Australian market. The offering of derivative instruments is aimed solelyat institutional investors.

OKX's Growing Presence inFutures Spreads Trading

OKX hasrecently set a new record by exceeding its highest monthly futures spreadstrading volume on Nitro Spreads, which neared US$5 billion in March 2024. Thisaccomplishment highlights the exchange's commitment to improving its servicesfor institutional clients.

Among theseenhancements is the introduction of the Quick Trading mode on Nitro Spreads,designed to streamline the selection of the Top of Book for any spread orside.

Leveragingthe superior liquidity of Nitro Spreads, our strategic partnership with HiddenRoad enables us to extend the reach of OKX's deep liquidity and efficientexecution of advanced strategies to an expanded network of institutionaltraders, commented Lennix Lai, the Global Chief Commercial Officer of OKX.

Accordingto the Finance Magnates Intelligence benchmark, OKX is the third-largestcryptocurrency exchange in terms of spot volumes, following ByBit and Binance.The platform holds a 9% market share and generates volumes of $94.12 billion.Last month, the company announced plans for European expansion and therebranding of its local branch, Okcoin Europe Ltd.

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Ripples Acquisition of Hidden Road Marks a Game-Changing Moment for XRPL, According to Ripple CTO

Ripple Makes Strategic Acquisition of Hidden Road, Gains New XRPL CTO In a bold move to strengthen its position in the cryptocurrency space, Ripple has recently acquired Hidden Road, a prominent software development firm specializing in blockchain technology. This acquisition marks a significant milestone for Ripple as it aims to enhance its capabilities and drive [...]

The post Ripple’s Acquisition of Hidden Road Marks a Game-Changing Moment for XRPL, According to Ripple CTO appeared first on Crypto Breaking News.

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Ripple Drops $1.25B Bombshell, Acquires Prime Broker Clearing $3T Annually

Ripple announced the acquisition of prime broker Hidden Road for $1.25 billion, in what marks the largest deal in the crypto space. The deal is touted to bring institutional customers at scale, bridging traditional finance and decentralized finance. According to the press release, the deal also positions RLUSD as an enterprise-grade collateral across Hidden Road’s prime […]

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Ripple eyes major roles for XRP, RLUSD, and XRPL following $1.25 billion Hidden Road acquisition

Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion. According to an April 8 statement, this acquisition makes Ripple the first crypto-native firm to own and operate a multi-asset prime broker with an established institutional network. Ripple noted that the deal will deepen its institutional service offerings and build a […]

The post Ripple eyes major roles for XRP, RLUSD, and XRPL following $1.25 billion Hidden Road acquisition appeared first on CryptoSlate.

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The Hidden Risks of Asset Tokenization: A Closer Look at Centralization from MEXC Executives

Asset tokenization is a trending topic in the world of finance and blockchain technology. By digitizing assets and creating tokens that represent ownership, tokenization promises increased liquidity, accessibility, and efficiency in traditional asset markets. However, there is a dark side to this innovative concept – centralization. In a recent interview with the CEO of MEXC [...]

The post The Hidden Risks of Asset Tokenization: A Closer Look at Centralization from MEXC Executives appeared first on Crypto Breaking News.

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This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time?

Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.  Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on record, surpassing the readings from the 2022 bear market. Ethereums Monthly RSI Drops Below 2022 Levels Crypto analyst Tony “The Bull” Severino has highlighted a significant development in Ethereums technical indicators, pointing out that the cryptocurrencys monthly Relative Strength Index (RSI) on the CME Futures chart has now fallen to its lowest level on record. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 This decline has pushed the RSI below the 2022 bear market bottom, a period that saw Ethereum reach multi-year lows before eventually staging a recovery. Severino shared this observation in a detailed technical analysis post on social media platform X, using Ethereums Futures monthly candlestick timeframe chart.  The analyst noted that although this drop suggests strong selling momentum, it could also be forming a hidden bullish divergence. This is because the last time Ethereums RSI dropped to such extreme lows, it eventually found its footing around $900 and embarked on a price uptrend in the months that followed. This previous performance raises the possibility of Ethereum approaching a bottom, despite its current downward momentum. It is possible that Ethereum has now found a footing around $1,900 and is now gearing up for another uprend in the coming months. However, Severino remained cautious about the situation, stating that the reading could also mean that the selling pressure is at its strongest and could continue driving Ethereum lower into oversold conditions. Interestingly, he also made it clear that despite the potential for a reversal, he is currently leaning more toward a bearish outlook on Ethereum. Stochastic Indicator Points To A Deeper Bearish Phase Beyond the RSI levels, another key indicator that Severino highlighted is Ethereum’s one-month Stochastic oscillator, which has now dropped below the 50 mark. In a previous analysis, he noted that Ethereum’s drop below the 50 mark is characteristic of a bear maket territory. However, it typically does not find a bottom until the Stochastic indicator reaches below 20 and is in extreme oversold conditions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish As shown by the chart below, past trends indicate that when Ethereum’s Stochastic oscillator enters bear market territory, it often takes months before the asset stabilizes and begins a strong recovery. At the time of writing, Ethereum is trading at $1,920, having recently reached a low of $1,851 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

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Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims [...]

The post Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro appeared first on Crypto Breaking News.

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Now Hiring: Crypto Hunters - Divorcing Couples Increasingly Seek Help Finding Crypto they Believe Ex-Spouse is HIDING...

Video Courtesy of CNBC
Crypto can be moved with a level of secrecy that traditional wealth just can't match. If someone keeps their crypto on the exchange they bought it from, the process is no different than if it were a normal bank account.

But when one side of a divorcing couple believes the other is hiding crypto, full self-custody in a 'secret' wallet only they know the details of - This is where our new-age professionals, the crypto hunters, step in. 
Because more and more divorces are involving crypto, law firms find themselves with with more work than the small number of professional crypto hunters can handle. 
Here's some of the main skills they're looking for when hiring someone to help track down hidden crypto: 
- Experience in Digital Forensics.
It's all about examining those cryptic trails left by crypto transactions. Yes, they're recorded on the blockchain's public ledger, but retracing these to an individual isn't always easy. It requires a keen understanding of this complex tech and the tools of the trade involve digging through files, even deleted ones, on any device that may have used.  Even old cell phones left behind can sometimes lead investigators to someone's digital hiding spot. 
- Ability to work closely with Legal Teams.
These hunters often work hand-in-hand with solicitors and financial advisors, equipping them with the intelligence they need to stand up for their client. This might involve presenting evidence in court, creating comprehensive reports, or advising on the potential ramifications of the assets. 
- Lastly, work while preserving the Confidentiality of those involved.
Given the sensitive nature of their work, maintaining stringent confidentiality is paramount. They ensure that every step of the process adheres to all relevant privacy laws and standards.

So, if you know your way around blockchain technology, digital forensics, finance, and law - your help is wanted in the ever-evolving landscape of divorce proceedings.

-------
Author: Mark Pippen
London News Desk 
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Crypto Prime Broker Hidden Road Partners Urges Clients to Liquidate FTX Positions

Cryptocurrency prime broker Hidden Road Partners is expected to complete the liquidation of its FTX.com holdings tonight, according to Bloomberg. (Read More)

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Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks

Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm. (Read More)

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XRP Price Continuation After Crash Below $2.4? New Targets Emerge

XRPs recent price movements have followed a pattern that crypto analyst Javon Marks believes signals the potential for a strong continuation rally. Sharing his analysis on the social media platform X, Marks pointed to a “hidden bullish divergence” on XRPs daily candlestick chart. Despite the ongoing price crash, the presence of this bullish divergence opens up new bullish targets for the XRP price. XRPs Price Crash Worsens, But Hidden Bullish Divergence Suggests Next Move XRP’s price action has faced consistent downward pressure over the past week, with the decline intensifying in the past 24 hours. At the time of writing, XRP has dropped by approximately 13% in the past 24 hours and is on the verge of retesting a crucial support level at $2. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 However, an interesting analysis shows that this decline is part of a hidden bull divergence pattern, where both the price and the RSI indicators are creating a series of highs and lows on the 1-day candlestick timeframe. This interesting pattern is characterized by higher lows and higher highs on the XRP price chart, while there’s a series of lower lows and lower highs on the RSI indicator. This divergent formation between the cryptocurrency’s price and the RSI is known to be bullish. Particularly, it suggests the selling pressure shown by the RSI could be slowing down. Javon Marks emphasized that XRP is preparing for a massive continuation wave up and that the necessary technical confirmations for such a move are already in place. This assertion builds upon his earlier February 18 analysis, where he described the hidden bullish divergence as forming in a textbook fashion. Crash To Reverse Soon? Price Targets To Watch According to Javon Mark’s projection, an upside move would see the XRP price eventually creating a higher high, as expected from the bullish divergence pattern. In terms of a specific price target, Marks projection shows that the next peak could reach at least $3.80. If realized, this would push XRP beyond its current all-time high of $3.40.  Related Reading: XRP Price Rallies To ATH At $3.4, Heres Whats Driving It And Why The Pump Will Continue However, this outlook hinges on the XRP price holding above the bullish divergence support at $2. Any sustained breakdown below this threshold could challenge the strength of the projected rally and alter the bullish outlook. Adding to this perspective, Marks also noted the similarity between XRP’s consolidation in the past few weeks since it reached $3.36 and that of a consolidation after a strong rally in the first half of 2017 after a strong rally.  Although the current consolidation phase has lasted longer than the one observed back then, both formations share key structural similarities. The 2017 consolidation ultimately led to a continuation rally that pushed the XRP price to new highs. If history repeats itself, the present consolidation could also be a precursor to another significant leg up. At the time of writing, XRP is trading at $2.15, down by 13.2% and 15.9% in the past 24 hours and seven days, respectively, and is now in danger of losing the $2.0 support soon. Featured image from Adobe Stock, chart from Tradingview.com

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Dogecoin Set To Rally: Market Expert Claims DOGEs Next Big Run Is Imminent

The much-anticipated major bull run for Dogecoin could be on the horizon as a crypto expert has asserted that DOGE is preparing for its next rally, potentially to a new all-time high. This prediction comes after DOGE’s recent upswing in the last few weeks, suggesting a revival of its bullish momentum. Dogecoin Poised For Massive [...]

The post Dogecoin Set To Rally: Market Expert Claims DOGEs Next Big Run Is Imminent appeared first on Crypto Breaking News.

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Hidden Road and Finery Markets Collaborate to Introduce Advanced OTC Liquidity Pool

Toenhance the institutional trading experience in the crypto space, FineryMarkets, a non-custodial crypto Electronic Communication Network andtrading infrastructure provider for institutional players, has officiallyentered into a partnership with Hidden Road Partners. This collaboration ismarked by the integration of Finery Markets' flagship solution, FM LiquidityMatch, into the operations of Hidden Road, a prime broker for crypto spottransactions.

InstitutionalShift: OTC Access in Crypto Trading

Theinstitutional participants have embraced the innovative FM Liquidity Match,which offers easy electronic access to robust institutional Over-The-Counter liquidity.

Thisensures a high-quality execution environment while safeguarding against toxicflow in crypto spot transactions. Hidden Road acts as a prime broker withinthis framework, overseeing efficient credit intermediation and post-tradesettlement for its clients engaging in crypto trades.

"Weare excited to announce that we have expanded our partnership with Hidden Road,a leading prime broker for digital assets. Through their role as a prime brokervia FM Liquidity Match, Hidden Road now offers their customers the first OTCtrading infrastructure that provides no last look execution for liquiditytakers, while also offering toxic flow protection for market makers, saidKonstantin Shulga, the Co-Founder and CEO of Finery Markets.

FMLiquidity Match Enhances Functionality

FMLiquidity Match presents a user-friendly interface, available through both aGraphical User Interface and Application Programming Interface, supportingprotocols such as FIX 4.4, REST, and WebSocket. The platform introducescutting-edge features that are poised to elevate the institutional tradingexperience to unprecedented levels.

Oneof the standout features of FM Liquidity Match is the provision for anonymoustrading within a firm liquidity pool, eliminating the concept of "lastlook" for liquidity takers and incorporating toxic flow protection formarket makers. This anonymity is coupled with a seamless electronic onboardingprocess, streamlining the experience for Hidden Road's clients. The platformfurther incorporates a role-based access system, ensuring secure and controlledparticipation.

Finery Markets has partnered with Hidden Road to launch an industry-first firm OTC liquidity pool with toxic flow protection. pic.twitter.com/iUg2Tpkfxu

Tofortify risk management, FM Liquidity Match integrates pre-trade riskmanagement controls with customizable risk limits, offering participants theflexibility to tailor their risk exposure according to their specificpreferences and strategies. Additionally, the platform supports flexiblepost-trade settlement options and adheres to travel-rule compliant reporting,meeting regulatory standards in the rapidly evolving crypto landscape.

HiddenRoad is committed to offering our clients a comprehensive range of tools, boththrough our own products and in collaboration with trusted partners. We arepleased to announce that Finery Markets' venue has joined our list of executionvenues, extending Hidden Road's credit network and OTC prime brokerageoffering."

"This partnership exemplifies our dedication to empowering clients toselect their preferred price discovery centers and liquidity solutions. Webelieve that Finery Markets unique offering is a valuable addition to ournetwork, Michael Higgins, the Global Head of Business Development at Hidden Road, said.

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Hiring: Crypto Hunters - Find Crypto Someone Tried HIDING During Divorce...

Video Courtesy of CNBC
Crypto can be moved with a level of secrecy that traditional wealth just can't match. If someone keeps their crypto on the exchange they bought it from, the process is no different than if it were a normal bank account.

But when one side of a divorcing couple believes the other is hiding crypto, full self-custody in a 'secret' wallet only they know the details of - This is where our new-age professionals, the crypto hunters, step in. 
Because more and more divorces are involving crypto, law firms find themselves with more work than the small number of professional crypto hunters can handle. 
Here's some of the main skills they're looking for when hiring someone to help track down hidden crypto: 
- Experience in Digital Forensics.
It's all about examining those cryptic trails left by crypto transactions. Yes, they're recorded on the blockchain's public ledger, but retracing these to an individual isn't always easy. It requires a keen understanding of this complex tech and the tools of the trade involve digging through files, even deleted ones, on any device that may have used.  Even old cell phones left behind can sometimes lead investigators to someone's digital hiding spot. 
- Ability to work closely with Legal Teams.
These hunters often work hand-in-hand with solicitors and financial advisors, equipping them with the intelligence they need to stand up for their client. This might involve presenting evidence in court, creating comprehensive reports, or advising on the potential ramifications of the assets. 
- Lastly, work while preserving the Confidentiality of those involved.
Given the sensitive nature of their work, maintaining stringent confidentiality is paramount. They ensure that every step of the process adheres to all relevant privacy laws and standards.

So, if you know your way around blockchain technology, digital forensics, finance, and law - your help is wanted in the ever-evolving landscape of divorce proceedings.

-------
Author: Mark Pippen
London News Desk 
Breaking Crypto NewsSubscribe to GCP in a reader

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