Ripple’s London office expansion The institutional adoption of cryptocurrency is at a turning point. The Blockchain Payments Company is finalizing its plans to lease about 90,000 sq. ft. at One LeadenhallThis prestigious London skyscraper is in the financial district. With annual rent exceeding £10 million, this Ripple London office move positions the firm directly beside the Bank of EnglandIndications of serious intention to increase institutional trading and capture demand.
Ripple London Office Increases Crypto Trading Volume And Institutional Demand
Financial Institutions Targeted by Strategic Location
Source: Bloomberg
The new Ripple London office occupies the upper floors of One Leadenhall at approximately £140 per square foot—among London’s highest rents. It is a great location for Ripple to reach out to regulators and banks that Ripple wants to partner with in order to create stablecoin revenue and cross-border payment options.
Ripple Chief Executive Brad Garlinghouse stated:
“For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve.”
Ripple Co-founder Chris Larsen As previously mentioned:
“We have 15 offices around the world. We’ve doubled our London office in the last two years.”
You may also like: Ripple (XRP) Could Dip To $1.90
Growing Crypto Trading Volume
The expansion of Ripple coincides with its acquisition by GTreasury for $1 billion, which targets institutional and corporate demand. The strategic location of the Ripple office in London allows it to grow its crypto trading volumes through institutional channels.
Renaat Ver EeckeGTreasury Chief Executive Officer, explained
“The combination of our cash forecasting, risk management, and compliance foundation with Ripple’s speed, global network, and digital asset solutions creates an opportunity for treasurers to manage liquidity, payments, and risk in the new digital economy.”
Ripple’s London office, which is located in a location that provides regulatory clarity and proximity to key decision makers, creates favorable conditions for the growth of institutional demand. Real estate investments are expected to increase crypto trading volume and sustain stablecoin revenue as Bitcoin’s price changes influence the market.
You may also like: Ripple’s Bank Charter Decision Could Send XRP Soaring in 48 Hours
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
