Ripple’s Hidden Avenue Acquisition: Enabling US Institutional Crypto Swap Modifications

Ripple recently announced its acquisition of Hidden Avenue, a cryptocurrency trading platform. This acquisition allows US financial institutions to modify cash-settled cryptocurrency swaps. This is a significant development in the digital finance sector, facilitating more efficient and secure cryptocurrency market participation for US institutions. Hidden Avenue will empower these institutions with improved risk management and faster, more transparent swap execution. This acquisition is expected to increase cryptocurrency adoption among major financial institutions in the United States. Ripple will continue its efforts to develop the necessary infrastructure to facilitate widespread digital currency adoption, focusing on providing secure and efficient solutions for financial institutions.