Blockchain payment network Ripple has announced the acquisition of crypto-friendly prime broker Hidden Road following its long battle with U.S. regulators.
Ripple and Hidden Road Deal
Ripple is acquiring Hidden Road for $1.25 billion, making this deal one of the largest in the crypto industry. The company officially announced this on April 8.
Market Impact and Regulation
Ripple CEO Brad Garlinghouse stressed that the deal is a significant move amid regulatory changes in the U.S. He noted that the market is becoming more open to digital assets.
Expectations from the Acquisition
Hidden Road founder and CEO Marc Asch expressed confidence in the significant growth of the company with this acquisition. He highlighted that new resources will allow for business expansion and new product offerings.
The Ripple deal with Hidden Road opens new opportunities for expansion in the digital asset space and confirms the company's readiness for further market changes.
