Ripple Prime Expands Institutional Access with EDX Integration
- On May 19, Ripple Prime integrated with EDX Markets and EDXM International to offer institutional clients access to spot and perpetual futures liquidity for digital assets.
- The integration provides a unified brokerage platform for trading, settlement, margin, and collateral management.
- EDX Markets offers a spot venue, while EDXM International focuses on perpetual futures trading, both modeled on traditional finance structures.
- Ripple USD (RLUSD), a U.S. dollar-backed stablecoin, is planned to be used as a settlement and collateral asset on EDX.
- Michael Higgins, international CEO of Ripple Prime, highlighted the performance and reliability of EDX’s market structure for professional market participants.
Ripple Prime’s integration with EDX Markets enhances institutional access to digital asset markets by consolidating trading processes into one efficient platform. This move aims to streamline operations for institutions dealing in fragmented liquidity environments.
The partnership also sets the stage for RLUSD to become a key component in managing collateral across spot crypto and perpetual futures trading within connected venues. (Source)
