Hidden Road Opens First OTC Crypto Swaps to U.S. Institutions After $1.25B Ripple Deal

Hidden Road has launched cash-settled OTC crypto swaps for U.S. institutional clients via its FCA-regulated arm, pairing the service with cross-margining and financing. The move follows Ripple’s pending $1.25 billion takeover and reflects 2023’s 106% surge in institutional OTC volumes.