The post Ripple Acquires Hidden Road for $1.25 Billion, Renames to Ripple Prime appeared on BitcoinEthereumNews.com. Key Points: Ripple’s acquisition of Hidden Road and rebranding to Ripple Prime triples business activity, strengthening institutional finance. Deal valued at $1.25 billion makes Ripple a global multi-asset crypto broker. XRP rose 4% to $2.55; institutions show increased crypto engagement. Ripple has finalized its $1.25 billion acquisition of Hidden Road, rebranding it as Ripple Prime, establishing a prominent presence as the first crypto company with a global multi-asset prime broker. This acquisition significantly enhances Ripple’s institutional reach, marked by a threefold increase in business, with Ripple Prime bolstering the utility of the stablecoin RLUSD in various financial products. Ripple Prime Acquisition Boosts Financial Reach Ripple, under Brad Garlinghouse’s leadership, has acquired and rebranded Hidden Road to Ripple Prime. Ripple’s milestone positions it as the first cryptocurrency company to own a global multi-asset prime broker. The acquisition, completed at $1.25 billion, fosters growth in institutional finance, with Ripple Prime now supporting over 300 institutions and handling over $3 trillion in transactions. It signals a new phase for Ripple, enhancing RLUSD utility. Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale. — Brad Garlinghouse, CEO, Ripple XRP Sees 4% Increase Amid Institutional Interest Did you know? Ripple’s acquisition strategy has led to significant institutional involvement, with Ripple Prime serving over 300 financial institutions globally, clearing $3 trillion since its formation. XRP currently trades at $2.55, demonstrating a market capitalization of approximately $152.81 billion. The token’s value increased by 3.85% in 24 hours, although declining 20.06% over 90 days, as reported by CoinMarketCap. Trading volume has surged, reflecting amplified interest post-rebranding. XRP(XRP), daily chart, screenshot on CoinMarketCap at 09:00… The post Ripple Acquires Hidden Road for $1.25 Billion, Renames to Ripple Prime appeared on BitcoinEthereumNews.com. Key Points: Ripple’s acquisition of Hidden Road and rebranding to Ripple Prime triples business activity, strengthening institutional finance. Deal valued at $1.25 billion makes Ripple a global multi-asset crypto broker. XRP rose 4% to $2.55; institutions show increased crypto engagement. Ripple has finalized its $1.25 billion acquisition of Hidden Road, rebranding it as Ripple Prime, establishing a prominent presence as the first crypto company with a global multi-asset prime broker. This acquisition significantly enhances Ripple’s institutional reach, marked by a threefold increase in business, with Ripple Prime bolstering the utility of the stablecoin RLUSD in various financial products. Ripple Prime Acquisition Boosts Financial Reach Ripple, under Brad Garlinghouse’s leadership, has acquired and rebranded Hidden Road to Ripple Prime. Ripple’s milestone positions it as the first cryptocurrency company to own a global multi-asset prime broker. The acquisition, completed at $1.25 billion, fosters growth in institutional finance, with Ripple Prime now supporting over 300 institutions and handling over $3 trillion in transactions. It signals a new phase for Ripple, enhancing RLUSD utility. Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale. — Brad Garlinghouse, CEO, Ripple XRP Sees 4% Increase Amid Institutional Interest Did you know? Ripple’s acquisition strategy has led to significant institutional involvement, with Ripple Prime serving over 300 financial institutions globally, clearing $3 trillion since its formation. XRP currently trades at $2.55, demonstrating a market capitalization of approximately $152.81 billion. The token’s value increased by 3.85% in 24 hours, although declining 20.06% over 90 days, as reported by CoinMarketCap. Trading volume has surged, reflecting amplified interest post-rebranding. XRP(XRP), daily chart, screenshot on CoinMarketCap at 09:00…