Ripple acquires crypto-friendly prime broker Hidden Road for $1.25 billion

Quick Summary:

The acquisition will see the prime brokerage integrate Ripple's stablecoin and test the XRP ledger.

Hidden Road raised $50 million in a Series A in 2022 that included participation from Castle Island Ventures, Coinbase Ventures and Citadel Securities.

The company focuses on cryptocurrencies and foreign exchange, competing with other crypto prime brokers like FalconX and Coinbase Prime.

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Article Details

Author / Journalist: Catherine McGrath

Category: EconomyBusiness

Markets: United States

Topics: Cryptocurrency Investing Ripple

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 12:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 7 lines

Sentence Length: 61 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27725910

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Official Website: fortune.com

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