Blockchain-based payments network Ripple announced it has acquired crypto-friendly prime broker Hidden Road following its win in a long-running battle with securities regulators in the United States. Ripple is acquiring Hidden Road in a $1. 25 billion deal, one of the largest-ever acquisitions in the crypto industry, the company officially announced on April 8. With Hidden Road’s $3 trillion clearing across more than 300 institutions, Ripple is set to become the “first crypto company to own and operate a global, multi-asset prime broker,” which is anticipated to become the “largest non-bank prime broker globally,” the announcement notes
source: https://cointelegraph.com/news/ripple-acquires-crypto-friendly-prime-broker-hidden-road-for-1-3-b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound