Ripple’s Strategic $1.25B Acquisition of Hidden Road to Propel XRP’s Institutional Adoption
In a landmark move set to reshape the institutional crypto landscape, Ripple has announced its definitive agreement to acquire global prime brokerage platform Hidden Road for $1.25 billion. This acquisition positions Ripple as a dominant force in institutional crypto services, with potential long-term implications for XRP’s market trajectory. The deal, expected to close in 2025, will integrate Hidden Road’s comprehensive suite of clearing, financing, and prime brokerage solutions across FX, derivatives, and digital assets into Ripple’s growing enterprise infrastructure.
Ripple’s $1.25 Billion Acquisition Creates Crypto Prime Broker Giant
Ripple has entered a definitive agreement to acquire global prime brokerage platform Hidden Road for $1.25 billion. The acquisition will enable Ripple to rapidly scale Hidden Road’s institutional services across a wide range of asset classes, including foreign exchange (FX), digital assets, and derivatives. Hidden Road offers institutions a comprehensive suite of services encompassing clearing, prime brokerage, and financing.
XRP On The Cusp Of Mega Utility Explosion As Ripple Acquires Hidden Road In $1.25 Billion Deal
Ripple has announced the acquisition of prime brokerage firm Hidden Road for $1.26 billion. The deal aims to expand Ripple’s presence in traditional markets, facilitating seamless cross-border payments. Hidden Road clears about $3 trillion annually for top financial institutions and will leverage XRP’s Ledger (XRPL) for faster and more efficient services. XRPL is renowned for its scalable infrastructure in the crypto industry. This year, Ripple has forged partnerships with key firms and institutions to drive adoption of its technology.
XRP ETF Surges on NYSE Arca with $5M in First-Day Volume
Teucrium’s 2X Long Daily XRP ETF launched on NYSE Arca with a significant $5 million in first-day trading volume. The ETF, which doubles the daily performance of Ripple (XRP), saw both gains and losses amplified for day traders. Bloomberg ETF analyst Eric Balchunas noted that the ETF’s volume placed it in the top 5% of new ETF launches, beating Solana’s launch volume and potentially signaling enhanced demand for Ripple derivatives. Additionally, Ripple’s recent $1.25 billion purchase of Hidden Road has enhanced its institutional presence and market position.
Ripple Lawsuit News: SEC and Ripple Disagree on Case Status
In the final chapter of the legal battle between Ripple and the SEC, Ripple CEO Brad Garlinghouse claims the case has been settled. According to Ripple’s CLO, the SEC has dropped its appeal, and Ripple has decided to drop its cross-appeal. Ripple will now only pay a $50 million fine, a significant reduction from the original $125 million penalty. However, the SEC has yet to confirm the settlement, leading to continued uncertainty about the case’s status.
