Ripple CEO Speaks Out on Its Recent Acquisition's Fast Growing Role in DeFi
Main Idea
Ripple CEO Brad Garlinghouse highlights the rapid growth of Hidden Road, a recently acquired company, in the DeFi sector and discusses a significant XRP transaction.
Key Points
1. Brad Garlinghouse discusses Hidden Road's fast growth in DeFi, emphasizing its role as a 'one stop shop' for institutions entering DeFi with regulated clearing services.
2. Hidden Road, acquired by Ripple, is well-capitalized and has a strong balance sheet, positioning it for rapid growth in crypto and DeFi markets.
3. Ripple moved 35,000,000 XRP (worth $108,305,198) between its own wallets, as reported by Whale Alert and confirmed by @XRPwallets.
4. Traditional prime brokers like JPMorgan and Goldman Sachs previously dominated the sector, but Ripple's acquisition of Hidden Road signals a shift in leadership towards crypto-native firms.
Description
Brad Garlinghouse underscores the fast growth of the company recently bought by Ripple in the DeFi sphere
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