Ripple Prime, an institutional trading venue, has expanded its offerings to include cryptocurrency futures from Coinbase. This move allows clients access to regulated derivatives markets within the U.S.
Prime institutional clients can now trade futures contracts for Bitcoin, Ether, Solana, and XRP. These futures are available in both standard and smaller contract sizes, designed to reduce capital requirements for traders.
The trading venue, which cleared over $3 trillion in volume last year, utilizes Nodal Clear, a U.S. clearing house, for these transactions. This integration enhances institutional access to the rapidly growing crypto derivatives market, providing opportunities for price exposure and risk hedging without direct ownership of underlying assets.
This expansion follows Ripple's recent acquisition of Hidden Road, a futures commission merchant and prime broker, which now operates as Ripple Prime, offering a comprehensive suite of brokerage, clearing, and financing services.