Ripple Acquires Hidden Road for $1.25 Billion: Expanding Institutional Services

Ripple has made a significant acquisition, purchasing the crypto-focused brokerage firm Hidden Road for $1.25 billion. This move signifies a strategic step toward bolstering Ripple’s services specifically tailored for institutional investors. CEO Brad Garlinghouse highlighted that this acquisition will contribute to enabling wider services and attracting major institutions. He emphasized the need for the company to possess the necessary infrastructure to expand its reach within these large-scale organizations.