On April 8, Ripple announced the acquisition of Hidden Road for $ 1.25 billion in what he described as one of the largest deals ever in the encryption space.
Also ripple Claim With this acquisition, it became the first encryption company to own and operate a major global multi -asset broker. Hidden Road wipes $ 3 trillion annually across the markets with more than 300 institutional customers.
The major brokers help in the daily clearance processes, lending to securities, and the business that is learned, among other things, for large hedge funds and institutional investors.
“But the price is not the most important,” said Brad Garlinghyus, CEO.
A turning point for the dependence of the encryption
Garinghouse explained that this is the capital and activity “that will benefit from XRP and XRP LEDGER’s BREAD-FUTCE-the movement of instant, effective, effective and low-cost value.”
He added that instead of waiting for 24 hours to settle trading via FIAT RAILS, Hidden Road will use XRPL to cleanse part of the trading. He said he would also use RLUSD, Stablecoin for the company, as guarantee through major mediation services, including encryption via assets and traditional.
“Through this deal and support for the important public budget for Ripple, Hidden Road will greatly expand its ability to serve its pipeline and become the largest main intermediary non -bank in the world.”
today, @ripple She announced the acquisition of Hidden Road for $ 1.25 billion, one of the largest deals ever in the encryption space. But the price is not the most important-it represents this deal for one time a lifetime for encryption to reach the biggest and more confident …
Brandinghouse April 8, 2025
Garinghouse also said that we are at a “turning point” for the next stage of the adoption of encryption assets, adding that the American market “is really open for the first time due to the organizational decline of the previous second end.”
However, the company has Now the rack of the aspirations of the initial general ambitions.
XRP price tanks
Ripple’s original code, XRP, has installed about 10 % over the past 12 hours despite the advertisement. However, this is attributed to a recession in the broader encryption market where investors flee high -risk assets amid economic concerns that were exacerbated by the World Trade War Donald Trump.
The original decreased from the highest level during the day less than $ 2 to $ 1.73 during the Asian trading session on Wednesday morning, as the encryption markets turned red again.
XRP has lost approximately 50 % since mid -January at all, but it is still one of the best performing digital assets this year.
The broader encryption market fell by more than 7 % a day as Trump’s tariff, including 104 %, was 104 % in China, on Wednesday.
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