Ripple brings Wall Street into 24/7 stock bets, but HSBC warns markets are still thin

Ripple is giving institutions a way to bet on stocks, gold and oil over the weekend through its brokerage business, but HSBC says thin trading could limit how much money follows them in. Daragh Maher, head of digital assets research at HSBC, called the launch an “evolutionary, not revolutionary” step in a note to clients on Monday, a copy of which was shared with CoinDesk. “This is a rapidly growing market but not a very big one when compared to the Trad Fi markets they are tracking,” Maher wrote. “The stronger case for the product comes once there is sufficient depth for investors to express views and adjust risk when conventional markets are closed.” Ripple Prime, the brokerage formerly known as Hidden Road, now lets clients trade swaps tied to…

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