April 8 (Reuters) - Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company.
This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald Trump, who has promised to be the "crypto president".
"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 needs of traditional finance," Ripple CEO Brad Garlinghouse said.
Prime brokers help in the day-to-day operations of clearing, securities lending, leveraged trade execution, Link Situs TOTO Slot Thailand Online Terpercaya among others. Large hedge funds and institutional investors usually avail these services.
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