Ripple Just Made a Splash With a Huge $1.25 Billion Acquisition. Will It Be a Game Changer for XRP?
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It's been quite the year for Ripple, the company behind XRP (CRYPTO: XRP), the third-largest cryptocurrency in the world. President Donald Trump's election victory last November sent the entire crypto sector surging and few have benefited more than XRP. The token had struggled in the years leading up to the election due to the U.S. Securities and Exchange Commission's (SEC) long-standing lawsuit against Ripple for allegedly selling unregistered securities, and the subsequent appeal. But now with a pro-crypto administration, the SEC has abandoned its lawsuit against Ripple, removing a clear overhang on XRP, and the token has ripped higher during the past six months. With the SEC's lawsuit now finished, Ripple has not wasted any time, announcing the acquisition of the prime brokerage Hidden Road for $1.25 billion. Will it be a game changer for XRP?The $1.25 billion deal is one of the largest ever in the crypto industry. The deal also makes Ripple one of the first crypto companies to own a multi-asset prime broker that operates on a global scale.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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