Ripple cuts $1.25bn deal to acquire broker Hidden Road

8th April, 2025

Luke Jeffs
New York

Digital assets firm Ripple has cut a deal to acquire prime broker Hidden Road for $1.25bn (£1bn), a takeover the partners say will encourage the institutional adoption of crypto and allow Hidden Road to become “one of the largest non-bank primes”.

Unlock this article and access more with a free trial

Access this article plus the full FOW Intelligence platform, featuring timely insights, expert analysis, and comprehensive volumes data from 100+ exchanges. Everything you need to make informed decisions.

  1. • Actionable insights across global futures and options markets
  2. • Volumes and open interest data from 100+ exchanges
  3. • Expert analysis to support smarter trading decisions
  4. • Trusted by financial professionals for 29+ years
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

Already have an account?Log in