Ripple Acquires Hidden Road for $1.25 Billion to Expand Institutional Services

Ripple has acquired Hidden Road, a crypto-friendly brokerage firm, in a $1.25 billion deal. This strategic move seeks to bolster Ripple’s offerings for institutional investors. Brad Garlinghouse, CEO of Ripple, highlighted that the acquisition is crucial for attracting and expanding services to large institutions. He emphasized the importance of robust infrastructure to enable Ripple’s growth within this key market segment.