Ripple To Acquire Hidden Road For $1.25 Billion: XRP To Rally?
Ripple has announced it will acquire prime brokerage firm Hidden Road for $1.25 billion. The purchase is the most significant for the fintech company. Hidden Road currently clears more than $3 trillion yearly across various markets. The firm also caters to more than 300 institutional clients. The acquisition will see the migration of Hidden Road’s post-trade activity across XRP Ledger (XRPL). The move highlights the Ripple blockchain’s capabilities for institutional use. Also Read: US Dollar Under Siege as Central Banks Ramp Up Gold Reserves – What’s Next? Ripple Leading The Decentralization Movement Source: Bitcoinist Ripple CEO Brad Garlinghouse called the purchase “ one of the largest deals ever in the crypto space. “ Despite the large figure, Garlinghouse says the price tag is not the most important part. In an X post, he highlighted how the development presents a “ lifetime opportunity for crypto to access the largest and most trusted traditional marke...