Ripple Makes History with $1.25B Acquisition of Prime Broker Hidden Road

In a landmark move for the cryptocurrency industry, Ripple has announced its agreement to acquire Hidden Road, a leading prime brokerage, for $1.25 billion. This acquisition positions Ripple as the first crypto company to fully own and operate a global, multi-asset prime brokerage platform, marking one of the largest deals in digital assets history. The strategic purchase is set to significantly enhance Ripple’s market influence and operational capabilities.

XRP News: Ripple To Acquire Prime Broker Hidden Road For $1.25B

Ripple has agreed to acquire Hidden Road, one of the fastest-growing prime brokers, for $1.25 billion. This deal makes Ripple the first crypto company to fully own and operate a global, multi-asset prime brokerage platform. It represents one of the largest deals in the digital assets space. Notably, this acquisition boosts Ripple’s position in the market.

Ripple to Acquire Hidden Road for $1.25B

Ripple has agreed to acquire multi-asset prime brokerage firm Hidden Road for $1.25 billion. This marks one of the largest M&A deals in the digital asset industry to date. Hidden Road clears over $3 trillion annually across various markets with more than 300 institutional clients. Ripple CEO Brad Garlinghouse noted that with the U.S. market opening up and digital assets maturing for institutional adoption, this is an inflection point for the company, accelerating its expansion leveraging XRP and broader solutions.

Ripple Labs Buys Prime Brokerage Hidden Road for $1.25 Billion

Ripple has acquired crypto-friendly prime brokerage Hidden Road for $1.25 billion, marking one of the largest deals in the crypto industry’s history. The blockchain technology firm aims to use Hidden Road’s platform to serve a wider range of institutional clients. Ripple CEO Brad Garlinghouse stated that the US market is now open for digital assets due to regulatory changes, and the market is maturing to address the needs of traditional finance. This acquisition comes amid growing interest in digital assets from financial institutions.

XRP Price Prediction: Will XRP Reclaim $3 or Drop to $1 First?

XRP recently tumbled to a new yearly low, breaking below the $2 support line and reaching $1.64. Currently trading at $1.87, the token has lost approximately 14% of its value over the past week, mirroring the broader crypto market downturn. With prices hovering above the critical $1.75 support zone, speculations are rife about whether XRP will surpass the $3 mark or continue sliding towards $1.