Crypto broker Hidden Road may be acquired by crypto companies, negotiations underway

According to sources, Hidden Road, a broker specializing in cryptocurrency and traditional assets, is in talks to acquire a cryptocurrency company, with investment bank FT Partners providing advice. It is currently uncertain whether the transaction will be completed, and Hidden Road has not responded to this. Hidden Road has raised approximately $50 million in funding over the past year, with investors including Dragonfly Capital. It is reported that one of the investors has expressed an intention to acquire. Previous reports have shown that the company is considering selling or raising funds, with a valuation potentially exceeding $1 billion.