In one of the biggest deals in the crypto industry, Ripple is set to acquire prime brokerage firm Hidden Road for $1.25B.
Could this, along with the launch of the new XRP ETF, be the positive signals crypto buyers need right now?
Read until the end because we’ll also list three other altcoins that are locked and loaded to be the next crypto to explode in a market turn.
Understanding Ripple’s Hidden Road Acquisition
Hidden Road is a leading player in the brokerage industry, offering services like custody, borrowing, lending, and trading to large institutions. It currently caters to 300+ institutional clients with an annual clearing of $3T.
Acquiring Hidden Road makes Ripple the only crypto company to own a global multi-asset prime broker.
This acquisition is a landmark move for Ripple as it looks to become a serious inst ..
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