PANews reported on April 4 that Hidden Road, a brokerage focusing on crypto and traditional assets, is in talks with a crypto company about acquiring it, according to sources, and investment bank FT Partners is advising it. It has not yet been determined whether the deal will be reached, and Hidden Road did not respond to this.

Hidden Road has raised about $50 million in funding in the past year from investors including Dragonfly Capital. It is reported that one of the investors has expressed its intention to acquire the company. Previous reports have shown that the company is considering a sale or financing, and its valuation may exceed $1 billion.