Ripple acquires prime broker Hidden Road for $1.25 billion to expand institutional services

Posted On April 8, 2025

Ripple is acquiring Hidden Road in a $1.25 billion deal, marking the second billion-dollar-plus acquisition involving a crypto company this year—following FTX’s $1 billion purchase of BlockFi. Ripple (XRP) is acquiring prime brokerage firm Hidden Road for $1.25 billion as…