Ripple Acquires Hidden Road for $1.25 Billion to Enhance Institutional Services

According to Odaily, Ripple has acquired the crypto-friendly brokerage firm Hidden Road for $1.25 billion. This strategic move aims to expand Ripple's services for institutional investors. Ripple's CEO, Brad Garlinghouse, emphasized that the acquisition is part of the company's efforts to integrate broader services to attract large institutions. He stated, "Ripple needs to ensure we have the appropriate infrastructure to attract and expand to a larger group of major institutions."