- Ripple Prime now supports Hyperliquid, enabling DeFi derivatives.
- Institutions can trade on-chain and traditional assets together.
- Centralized risk management and cross-margining improve efficiency.
Ripple Prime, the institutional prime brokerage platform from Ripple, is expanding its reach into decentralized finance by integrating Hyperliquid, a leading on-chain derivatives venue. This move allows institutional clients to trade DeFi derivatives seamlessly alongside traditional assets like FX, fixed income, and digital currencies- all within a single platform.
The integration highlights Ripple Prime’s goal of bridging traditional finance and decentralized markets. By offering unified risk management, cross-margining, and access to Hyperliquid liquidity, institutions can now manage their entire portfolio more efficiently while tapping into the growing DeFi ecosystem.
Hyperliquid Brings On-Chain Trading to Ripple Prime
Today, Ripple announced the Hyperliquid integration on its institutional trading platform. According to the press release, Hyperliquid, a decentralized derivatives protocol, is now available on Ripple Prime.
Significantly, this integration allows big investors and institutions to trade on-chain derivatives- financial contracts based on digital assets. It also allows to manage them alongside other investments like currencies, stocks, or digital tokens.
It is worth noting that this milestone comes amid Ripple’s growing efforts to establish itself as a major blockchain player. This Hyperliquid integration marks just one development among a vast list of collaborations and integrations. For instance, as Times of Blockchain reported, Ripple collaborated with Billiton Diamond and Ctrl Alt to tokenize $280 million in physical diamonds on the XRP Ledger.
By adding Hyperliquid, Ripple Prime makes it easier for institutions to connect traditional finance with decentralized finance (DeFi). Investors can now access new liquidity, manage risks, and handle all their trades and margins together in a simpler, more efficient manner. Ripple Prime CEO Michael Higgins noted,
“At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services, offering direct support to trading, yield generation, and a wider range of digital assets. This strategic extension of our prime brokerage platform into DeFi will enhance our clients’ access to liquidity, providing the greater efficiency and innovation that our institutional clients demand.”
Expanding Access to DeFi for Institutions
As per the company’s official statement, Ripple Prime intends to reinforce its commitment to offering institutional clients access to the best trading venues via this integration. Hyperliquid allows traders to access both traditional and decentralized markets. The move also allows institutions to explore on-chain derivatives while continuing to manage their existing portfolios of digital assets, FX, fixed income, and other financial products in one place.
As institutional interest in DeFi grows, Ripple Prime provides a platform that combines innovation with reliability. With the latest development, clients can participate in next-gen trading opportunities without having to navigate multiple platforms or compromise on efficiency. The integration also ensures easy access to liquidity while maintaining the controls and oversight institutions expect.
XRP Price Sinks Despite These Developments
Despite growing collaborations and developments within the Ripple ecosystem, the XRP token is still experiencing a downturn. In line with the broader crypto market bearish trend, the XRP price is posting notable falls.
Over the past 24 hours, the token has seen 2.2% decline. Currently trading at $1.55, XRP is down by 18% and 27% over the past week and month, respectively. However, traders are showing renewed interest in the token, with the 24-hour volume reaching $4.25 billion, up 52%.
