Ripple Acquires Hidden Road in $1.25 Billion Deal
Ripple has announced a major move by acquiring prime brokerage firm Hidden Road for $1.25 billion. This strategic deal aims to expand Ripple's footprint in the U.S.
financial market, especially under the current pro-crypto administration. Hidden Road processes over $3 trillion in transactions yearly, making it a significant asset.
With this acquisition, Ripple positions itself as the only crypto firm offering global multi-asset prime brokerage services, reinforcing its commitment to bridging traditional finance with the digital asset world.
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