$XRP 😜
$XRP Ripple has acquired prime brokerage firm Hidden Road for $1.25 billion, becoming the first crypto company to own and operate a global multi-asset prime broker. The acquisition strengthens $XRP Ripple’s institutional presence and positions it as a direct competitor to traditional prime brokers in global finance.
Hidden Road is known for serving a broad institutional client base that includes hedge funds and algorithmic trading firms. Ripple has been a long-standing client of Hidden Road, making the transition smoother. The firm plans to scale its services significantly by integrating Ripple’s technology and financial backing.