Ripple Acquires Crypto Broker Hidden Road for $1.25 Billion

Ripple has announced a significant acquisition with the purchase of Hidden Road, a leading crypto brokerage facilitating over $3 trillion in transactions annually across various markets. The deal is valued at $1.25 billion. Ripple aims to leverage its RLUSD stablecoin as collateral for trade settlements while incorporating XRP Ledger into Hidden Road’s trading platform for record-keeping and clearance. This move marks one of the largest investments in the cryptocurrency industry by Ripple Labs.