Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion
Ripple has made its first major acquisition since the end of its legal battle with the US SEC, with Hidden Road set to become its subsidiary.
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Ripple has made its first major acquisition since the end of its legal battle with the US SEC, with Hidden Road set to become its subsidiary.
XRP lawsuit chaos: Another bombshell drops, sending the crypto community reeling amidst the still-unfolding mystery of the recent filing. The Ripple vs SEC plot thickens as the Securities and Exchange Commission's (SEC) response to the cryptic filing has further added uncertainty to the case.
The Teucrium 2x Long Daily XRP ETF (XXRP) recorded an impressive $5 million in trading volume on its launch day, placing it in the top 5% of new ETF launches, according to Bloomberg senior ETF analyst Eric Balchunas. The leveraged XRP ETF, which offers 2x exposure through swaps, is designed for short-term speculation and volatility trading.
Ripples XRP is gaining renewed attention after legal victories and technological advancements that have strengthened investor confidence. Standard Chartered, a major British multinational bank, now forecasts XRP reaching $12.50 by the end of 2028marking a potential 500% surge from current levels.
In a striking turn of events, XRP futures experienced an extreme liquidation imbalance, with long positions facing an 8,909% higher wipeout than shorts in just one hour. Despite XRPs price dropping only 2.7%a moderate dip by crypto standardsbullish traders lost a staggering $980,220, while short positions saw just $11,130 in liquidations, according to CoinGlass.
Speculation about the true identity of Bitcoin creator Satoshi Nakamoto has resurfaced, this time involving Ripple CTO David Schwartz. The renewed interest stems from a lawsuit filed by lawyer James Murphy known as MetaLawMan on crypto Twitter against the U.S. Department of Homeland Security (DHS).
XRP saw a significant price jump on Tuesday, rising 14.41% to $1.8944 by 02:00 (06:00 GMT), marking its biggest one-day gain since March 2, according to the Investing.com Index. The rally pushed XRPs market capitalization to $110.02 billion, accounting for 4.35% of the total cryptocurrency market value.
Teucrium Investment Advisors is set to debut the first-ever XRP exchange-traded fund (ETF) in the U.S., launching a 2x leveraged product ahead of any approved spot XRP ETF. The Teucrium 2x XRP ETF (ticker: XXRP) will begin trading on NYSE Arca on Tuesday, offering investors double exposure to XRPs price movements.
On-chain data shows Dogecoin has seen almost a majority of its supply dip into loss. Here's how other top coins like Bitcoin and XRP compare.
Ripple acquired prime broker Hidden Road for $1.25 billion while XRP futures saw nearly $1 million in long liquidations during a brief price dip.
Standard Chartered predicts XRP will reach $12.50 by 2028 despite recent price drop to $1.77 after market selloff triggered by Trump's tariffs.
This move positions Ripple as the first crypto company to own and operate a global, multi-asset prime broker. With this acquisition, Ripple aims to bring traditional finance's credibility and professional trading services to the digital asset world.
Ripple has made a major move into institutional finance with the acquisition of prime broker Hidden Road in a deal worth around $1.25 billion.
Dated April 3, 2025, the self-certification under CFTC Regulation 40.2(a) paves the way for trading to begin on or after April 21, 2025. This development is a big win for XRP Futures enthusiasts and traders looking to diversify their portfolios.
American fintech firm Ripple has acquired prime brokerage, clearing and financing platform Hidden Road, but that couldn't stop another XRP slump.
XRP, Solana, and Cardano have each experienced a roughly 6% price decline amid broader macroeconomic pressures
According to analysts, XRP is trading close to a key accumulation zone, which could strengthen its case for an upward rally.
In this article, we will analyze the trend of the price of XRP (Ripple) and LINK (Chainlink), comparing it with that of Bitcoin and Ethereum to grasp the differences. XRP is the native cryptocurrency of the crypto platform created by Ripple.
Ripple's longstanding battle with the U.S. Securities and Exchange Commission (SEC) seemingly came to a long-awaited end in March after the company dropped its cross-appeal.
XRP price reclaimed the $1.80 level and has investors in expectant mood as ETF talk returns to focus, but what are the odds of a reversal?
The British multinational bank supposedly added its name to the list of companies and people envisioning a solid price increase for XRP in the future.
While the whole crypto is juggling with Trump's tariff mess with Bitcoin dipping to $75K level, altcoins are also facing a downward pressure.
In what may be the final chapter of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Ripple CEO Brad Garlinghouse recently claimed that the case has been settled.
According to Eric Balchunas, senior ETF analyst at Bloomberg, the Teucrium 2x Long Daily XRP ETF (XXRP) recorded $5 million in trading volume on its first day.