Crypto-TradFi intersections proliferate – Blockworks
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Crypto is becoming more entwined with TradFi as acquisitions and partnerships continue.
We noted the record amount of crypto M&A in Q1 — featuring Kraken’s unprecedented $1.5 billion acquisition of NinjaTrader.
In another 10-digit deal, Ripple said Tuesday it has agreed to buy Hidden Road for $1.25 billion. This gives the blockchain infrastructure provider access to a firm with clearing, prime brokerage and financing capabilities across FX, digital assets, derivatives, swaps and fixed income.
The theory is that aside from trading services, Hidden Road brings a level of credibility to digital assets that’s expected in…
