While Ripple forces the crypto company to expand its digital asset infrastructure, it plans to buy the main intermediary company for $ 1.25 billion by giving a basis for corporate financing.
Purchase, one Press releaseIt is said to be one of the greatest ones in the digital asset sector. He points out that a crypto-native company will have a global, very wealthy main intermediary platform for the first time.
Hidden Road provides corporate customers digital assets, foreign currency, derivatives and more cleaning, financing and intermediary services.
“We are at a bending point for the next stage of the adoption of digital assets – the US Market matures for the first time for the first time to meet the needs of traditional finance.
Today, @Ripple Hidden Road has been purchased for 1.25 billion dollars, one of the biggest agreements in the crypto area. However, the price tag is not the most important thing-this agreement shows once for a lifetime for the crypto to reach the biggest and most reliable one …
– Brad Garlinghouse (@bgarlinghouse) April 8, 2025
By supporting the secret road with its own capital, Ripple aims to expand the company’s capacity and compete with traditional intermediary institutions. According to the document, Hidden Road is currently cleansing $ 3 trillion annually and serves more than 300 corporate customers. With Ripple’s financing, he hopes to be one of the largest non -bank main brokers globally.
Ripple also plans to integrate the USD -supported Stablecoin Rlusd into the operations of Hidden Road to allow customers to use Rlusd for cross -margin between traditional and crypto positions.
Ripple’s acquisition increases xrp book
According to the press release, the Hidden Road will carry the Hidden Road to the XRP notebook in another symptom of deep integration. The announcement of the purchase saw the price of the XRP fluctuation, and the crypto currency is around 2% in the last 24 hours.
The increase meant that the crypto currency is currently performing better than the wider crypto market, the BTC decreased by 0.55% and the low -performance ETH in the last few months fell 2.3%. According to the data from Coingecko, the XRP is currently traded at $ 1.90 with an increase of 1.7% in the last 24 hours. However, just like the rest of the crypto market that fell to $ 2.5T, the coin suffered severe losses with a decrease of 22.5% in the last two weeks.
The agreement is expected to close in the coming months.
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