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Ripple plans to buy Hidden Road Prime Hidden Road for $ 1.25 billion, giving Crypto a foothold in institutional financing while pushing to expand the infrastructure of digital assets.
The acquisition, it was announced via a press releaseHe is said to be one of the largest areas in the digital assets sector so far. It represents the first time that an encrypted company will have a multi -asset global brokerage platform.
Hidden Road provides institutional customers clearing, financing and mediation services across digital assets, foreign exchange, derivatives and more.
“We are at a turning point for the next stage of the adoption of digital assets – the American market is actually open for the first time due to the organizational decline of three years from the previous SEC that ends, and the market ripens to meet the needs of traditional financing,” said CEO of Ripple Brad Garlinghouse said.
today, @ripple She announced the acquisition of Hidden Road for $ 1.25 billion, one of the largest deals ever in the encryption space. But the price is not the most important-it represents this deal for one time a lifetime for encryption to reach the biggest and more confident …
Brandinghouse April 8, 2025
By supporting the Road Hidden Road with its own capital, Ripple aims to develop the company’s ability and compete with traditional brokerage companies. Hidden Road currently wipes $ 3 trillion in transactions annually and serves more than 300 institutional customers, according to the document. Ripple, is expected to become one of the largest non -banker intermediaries in the world.
Ripple also plans to integrate the US dollar -backed Stablecooin, RLUSD, in Hidden Road to allow customers to use RLUSD for cross attacks between traditional situations and encryption.
Reble’s Acquisition enhances LEDGER XRP
On another sign of deep integration, Hidden Road will deport post -trade activity to the Professor XRP book, according to the press statement. The advertisement of the acquisition price increased the XRP price, with the cryptocurrency rising about 2 % over the past 24 hours.
The height meant that the cryptocurrency is currently outperforming the broader encryption market, as BTC has decreased by 0.55 % and ETH, which has been weak during the past few months, by 2.3 %. According to data from Coingecko, XRP is currently trading at $ 1.90, with a slight increase of 1.7 % in the past 24 hours. However, just like the rest of the encryption market, which has shrunk to $ 2.5 million, the symbol was subjected to heavy losses, a decrease of 22.5 % in the past two weeks.
The deal is expected to be closed in the coming months, pending organizational approvals.
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