Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Ripple Prime Integrates Hyperliquid to Open DeFi Derivatives Access

6h ago
bullish:

0

bearish:

0

Share

Ripple

  • Ripple refers to this step as the first direct association to a decentralised trading protocol, indicating a shift from infrastructure and payment-targeted services.
  • After the announcement, the price of HYPE witnessed a 5% gain regardless of the current crypto market downturn. 

The institutional brokerage arm of Ripple has permitted access to decentralised derivatives markets by amalgamating Hyperliquid into its Prime brokerage platform. The firm publicised the partnership through a statement published on February 4, keeping it as a step to connect traditional finance with decentralised trading. 

Ripple has stated that Ripple Prime now backs trading and margining on Hyperliquid, a decentralised Layer 1 blockchain having completely on-chain order books. Via this amalgamation, institutional clients can have access to perpetual futures and other derivatives at the time of managing exposure along with FX, fixed income, OTC swaps, and cleared products. 

Positions are managed under a sole counterparty framework, having centralised risk controls and consolidated margin. For a lot of institutions, the structure eliminated a prominent operational barrier. 

Trading over decentralised venues now doesn’t need direct wallet management or smart contract contact, permitting companies to treat on-chain derivatives more like traditional exchange products. 

What Did The CEO Say? 

The International CEO of Ripple Prime, Michael Higgins, states that at Ripple Prime, the team is excited to carry on to lead the way in amalgamating decentralised finance with traditional prime brokerage services, providing direct support to trading, yield generation and a wide array of digital assets. 

Ripple refers to this step as the first direct association to a decentralised trading protocol, indicating a shift from infrastructure and payment-targeted services toward market access and implementation. 

Hyperliquid has come out as one of the biggest on-chain perpetuals platforms, backing high-volume trading and now, institutional-style market infrastructure. The analysts note that the amalgamation makes the role of HYPE more robust in institutional trading workflows but does not make a direct use case for XRP or the XRP Ledger. 

After the announcement, the price of HYPE witnessed a 5% gain regardless of the current crypto market downturn. Any publicisation regarding extra DeFi amalgamations after the release hasn’t been made through Ripple. Although, the sources of the industry anticipate further platform expansions in 2026 as prime brokers compete for institutional crypto flows. 

Highlighted Crypto News Today: 

Bybit’s Mantle Vault Surpasses $150M AUM in Record Four-Week Growth

6h ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.