Ripple Acquires Hidden Road for $1.25 Billion, Expanding Crypto Trading Capabilities

In a landmark acquisition worth $1.25 billion, Ripple Labs has acquired Hidden Road, a leading crypto prime broker. This deal positions Ripple as the first major player in the cryptocurrency space to own an international, multi-asset brokerage firm that caters to institutional clients. 🤯 💰 🤝 Hidden Road specializes in providing high-value financial services including clearing, prime brokerage, and financing for crypto assets, fixed income, swaps, derivatives, and foreign exchange (FX). 📈