Ripple 
$2.46 just announced its new service, which reveals the real reason for this year’s Hidden Road acquisition. After getting rid of the SEC, Ripple bought 3 companies for $ 2.5 billion this year. The biggest of these was his Hidden Road purchase for $1.25. Today, the company announced the reason for its acquisition with its new product.
Ripple Breaking News
XRP Coin price It rose to $2.48 and the announcement of Ripple’s new product was effective in this. In the medium and long term, Ripple Prime will be very supportive for the XRP Coin price. The following statements were used in the announcement made on the official account seconds ago:
“Introducing Ripple Prime: We are pleased to announce that the acquisition of Hidden Road has been officially completed, making Ripple the first crypto company to own and operate a global, multi-asset prime broker.”
Hidden Roadoffered institutions advanced services such as clearing, prime brokerage and financing in the fields of foreign exchange (FX), crypto assets, derivatives, swaps and fixed income securities. Today, the acquisition has been completed and Hidden Road has officially become Ripple Prime. With this year’s acquisition, Hidden Road’s business has grown 3 times, now asset management and brokerage services will be provided under Ripple and Ripple will grow even further.
“Ripple Primewill significantly increase the usefulness and reach of Ripple’s stablecoin RLUSD. Today, RLUSD is used as collateral for a number of prime brokerage products. “Some derivatives clients have chosen to keep their balances in RLUSD, and this number is expected to increase significantly in the coming months.”
