Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purge

Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn’t even started yet.

Ripple made headlines this week when it became the first crypto-native company to acquire a multi-asset prime broker, potentially setting the stage for wider adoption of its XRP Ledger technology. 

The acquisition of Hidden Road didn’t come cheap, either, as Ripple doled out $1.25 billion for the brokerage. It was a price Ripple CEO Brad Garlinhouse was happy to pay as the company set its sights on global expansion. 

Elsewhere, crypto exchange Binance listened to its community and moved to delist 14 tokens that no longer met its quality thresholds. Meanwhile, Binance’s former CEO, Changpeng Zhao, was appointed adviser for Pakistan’s newly formed crypto counsel. 

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