Crypto Startup Ripple Buys Hidden Road For $1.25B
Crypto payments firm Ripple is acquiring brokerage house Hidden Road for $1.25 billion in one of the biggest M&A deals ever in crypto.
The deal is the second billion-dollar-plus deal in about a month, as the re-election of President Donald Trump has re-energized the crypto market, with many expecting regulations to ease.
Just last month, the U.S. Securities and Exchange Commission dropped a legal case against Ripple that accused it of conducting an illegal securities offering.
“We are at an inflection point for the next phase of digital asset adoption — the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the…
