Crypto News Digest by U.Today
U.Today has prepared the top three news stories over the past day.
Ripple announces one of largest deals in crypto history
In its official press release from April 8, Ripple, a San Francisco-based fintech giant, announced that it is acquiring prime brokerage Hidden Road for $1.25 billion. This makes Ripple the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road serves hundreds of institutional clients, including hedge funds and quant traders, and Ripple has been its long-time customer. The acquisition is expected to enhance Ripple’s stablecoin business, with its RLUSD being used as collateral across Hidden…
