Ripple has unveiled an exciting expansion of its institutional prime brokerage platform, Ripple Prime, announcing the integration of the decentralized derivatives trading protocol, Hyperliquid. This strategic move enables Ripple Prime clients to tap into Hyperliquid’s on-chain perpetuals liquidity while managing margin and risk seamlessly within the Ripple Prime ecosystem.
With this integration, clients can now cross-margin their decentralized finance (DeFi) derivatives exposures alongside positions in other asset classes supported by the platform. Ripple Prime’s versatility extends to various traditional assets, including foreign exchange (FX), fixed income, and over-the-counter swaps, providing institutions with a single point of access for managing multi-asset portfolios. The platform emphasizes centralized risk management and capital efficiency, streamlining operations for its users.
This development reflects a broader trend of growing interoperability within the blockchain space. Earlier this year, for instance, Flare, a blockchain devoted to enhancing interoperability, made headlines by launching the first XRP spot market on Hyperliquid, featuring the FXRP listing. Ripple’s focus remains on facilitating derivatives access through Ripple Prime rather than catering to retail spot trading.
Hyperliquid, notable for its rapid ascent in the market, has become recognized as the largest decentralized exchange for perpetual contracts. By mid-January, it had achieved a remarkable $5 billion in open interest and boasted a monthly trading volume exceeding $200 billion, far surpassing several competing platforms. The exchange has also witnessed a notable uptick in tokenized commodity trades, particularly in silver futures, which has enhanced interest in the platform and contributed to the robust performance of its HYPE token amidst prevailing market downturns.
Looking ahead, Hyperliquid is also exploring the expansion of its offerings into prediction markets, further diversifying its portfolio and appeal. Ripple launched its Prime platform at the end of 2025, following a significant $1.25 billion acquisition of the prime brokerage firm Hidden Road, marking a pivotal step in its commitment to enhancing institutional capabilities within the digital asset space.
