Here’s how Ripple’s Hidden Road acquisition could impact XRP demand
Ripple is making a major push into institutional finance with a $1.25 billion acquisition of prime brokerage firm Hidden Road, a deal that could significantly influence future demand for XRP. Announced on April 8, the deal marks one of the largest in the crypto space to date and will make Ripple the first crypto firm to own and operate a global, multi-asset prime broker. By folding in Ripple’s RLUSD stablecoin and tapping into the XRP Ledger for faster settlement, the acquisition could significantly boost XRP’s real-world use and with it, long-term demand. How Ripple’s Hidden Road acquisition could impact XRP demand Jake Claver, Managing Director of Digital Ascension Group, broke down the significance of Ripple’s $1.25 billion acquisition of Hidden Road in a recent post on X. What happens when just a fraction of that $10B daily volume starts settling through XRP? Demand skyrockets. These aren't retail traders—these are hedge funds and market makers w...