Ripple Announces $1.25 Billion Acquisition of Prime Broker Hidden Road

Ripple’s $1.25 Billion Hidden Road Acquisition Reshapes Institutional Crypto Finance

Ripple, a leading blockchain-based payments company and the issuer of XRP cryptocurrency, announced on April 8 its acquisition of Hidden Road for $1.25 billion. This deal marks one of the largest in the cryptocurrency industry and positions Ripple as the first crypto firm to own a global, multi-asset prime brokerage. Hidden Road, established in 2018, […]

Ripple’s token ticks up as first leveraged XRP ETF hits market

Ripple also announced it’s acquiring prime broker Hidden Road for $1.25 billion....

Ripple to acquire Hidden Road for $1.25B in one of crypto’s largest deals - Tech Startups

Despite the plunge in the price of cryptocurrencies this year, Ripple is doubling down. The crypto startup announced Tuesday it’s acquiring multi-asset prime broker Hidden Road in a $1.25 billion deal—one of the largest in its history. This marks only […] The post Ripple to acquire Hidden Road for $1.25B in one of crypto’s largest deals first appeared on Tech Startups.

Ripple (XRP) News: $1.25B Deal for Hidden Road

Among other things, the deal is expected to strengthen Ripple’s stablecoin ambitions.

Ripple to buy prime broker Hidden Road for $1.25B

“We are at an inflection point for the next phase of digital asset adoption … and the market is maturing to address the needs of traditional finance,” CEO Brad Garlinghouse said.

Ripple to buy Hidden Road for $1.25 billion

Ripple Labs Inc. announced on Tuesday that it will acquire prime broker Hidden Road for $1.25 billion, a deal that would represent one of the largest transactions in the digital assets sector.The cryp...