Ripple has launched an OTC brokerage service through Hidden Road, significantly expanding access to digital assets for institutional clients in the U.S.
Launch of Hidden Road's OTC Service in the U.S.
Hidden Road, owned by Ripple, has launched a cryptocurrency OTC brokerage service in the U.S., marking a significant step in digital asset access for institutional clients as of May 28, 2025.
Strategic Importance of the Hidden Road Acquisition
Ripple's acquisition of Hidden Road for $1.25 billion was a strategic expansion into the U.S. market, facilitating access to cash-settled OTC swaps for institutions, providing new financial solutions and enhancing liquidity for large-cap tokens such as Bitcoin and Ethereum.
Anticipated Impact on the Digital Asset Market
The launch of the service aims to fill a gap in the U.S. digital asset market where OTC trading was previously limited. This move aligns with a broader industry trend, with similar entries by major players like Fidelity impacting liquidity and participation.
The launch of Hidden Road's OTC brokerage service represents a significant step toward bringing institutional clients into the U.S. digital asset market and may reshape trading conditions for such participants.
