PANews reported on May 30 that, according to Cointelegraph, Ripple’s acquisition target Hidden Road has launched a crypto assets over-the-counter Swap trading service in the United States, allowing institutional investors to conduct cash settlement Block Trading. This service is operated by a UK FCA regulated entity and covers a variety of mainstream crypto assets. Ripple announced in April 2025 that it would acquire Hidden Road for $1.25 billion, and Hidden Road has obtained the US FINRA broker-dealer license and the EU MiCA license.
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