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Ripple's acquisition of the institutional brokerage Hidden Road for $1.25 billion.
According to Gate.io News bot, Ripple, a blockchain payment company, announced the acquisition of Hidden Road, a major institutional broker, for $1.25 billion, as reported by Reuters. This acquisition marks an important step for Ripple in expanding its institutional business. Hidden Road, as a major broker focused on inter-institutional trading, brings new business opportunities to Ripple.