Ripple acquires cryptocurrency-friendly brokerage Hidden Road for $1.25 billion

Ripple acquires cryptocurrency-friendly broker Hidden Road for $1.25 billion to expand its services aimed at institutional investors.

Ripple CEO Brad Garlinghouse stated that this acquisition represents the efforts of Ripple, the company behind XRP, to integrate a broader range of services to attract large institutions, "Ripple needs to ensure that we have the right infrastructure to attract and scale to a larger group of major institutions."