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XRP slips 3% despite Ripple license approvals as bitcoin weighs on market
Ripple will provide $150 million in financing to support LMAX’s growth strategy. The funding targets infrastructure upgrades and cross-asset product development. LMAX plans to expand trading services across FX, crypto, and contracts for difference. The partnership also seeks to improve access for banks and institutional brokers. Ripple can now provide cryptocurrency-related services in the UK while adhering to the strict rules for governance, reporting, and compliance. Holding the FCA license will allow Ripple to expand its services by operating its full suite of payment solutions, including its Ripple Payments platform, across the UK.
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