The Next Crypto to Explode in Light of Ripple’s $1.25B Hidden Road Deal
The post The Next Crypto to Explode in Light of Ripple’s $1.25B Hidden Road Deal appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In one of the biggest deals in the crypto industry, Ripple is set to acquire prime brokerage firm Hidden Road for $1.25B. Could this, along with the launch of the new XRP ETF, be the positive signals crypto buyers need right now? Read until the end because we’ll also list three other altcoins that are locked and loaded to be the next crypto to explode in a market turn. Understanding Ripple’s Hidden Road Acquisition Hidden Road is a leading player in the brokerage industry, offering services like custody, borrowing, lending, and trading to large institutions. It currently caters to 300+ institutional clients with an annual clearing of $3T. Acquiring Hidden Road makes Ripple the only crypto company to own a global multi-asset prime broker. This acquisition is a landmark move for Ripple as it looks to become a serious institutional finance player instead of just a crypto company. It would also boost the status of Ripple USD ($RLUSD) as a stablecoin. $RLUSD is expected to be used as collateral in Hidden Road’s brokerage services, lending the crypto more credibility.Hidden Road will also shift its post-trade operations to the XRP Ledger, strengthening its bid as a scalable and cost-efficient blockchain for use by large institutional players. Hidden Road gets the opportunity to explore new markets and grow globally. It also looks to become a more blockchain-native prime broker by leveraging Ripple’s experience with digital asset infrastructure. The New 2X Leveraged XRP ETF In related news, Teucrium Investment…
Filed under: News - @ April 9, 2025 9:29 pm