Ripple is reportedly acquiring prime broker Hidden Road for a staggering $1.25 billion, according to Reuters. This acquisition signals Ripple's ambition to expand its footprint in the broader cryptocurrency market and offer more comprehensive services. Hidden Road, a prime brokerage specializing in digital assets, had previously received an acquisition offer from an unnamed cryptocurrency company, as reported by cryptonewsterminal. The Ripple deal confirms these earlier rumors. The acquisition will enable Ripple to tap into Hidden Road's established infrastructure and client base, potentially facilitating institutional adoption of XRP and other digital assets within Ripple's ecosystem. This strategic move positions Ripple as a more versatile player in the evolving crypto landscape. This acquisition is subject to regulatory approvals. ```