Ripple Prime Partners with Coinbase for Institutional Crypto Derivatives
- Ripple Prime, formerly Hidden Road, has partnered with Coinbase to provide institutional clients access to crypto derivatives.
- Clients can trade nano Bitcoin and nano Ethereum futures, along with nano-sized XRP and Solana contracts.
- These offerings are available in a CFTC-regulated environment, ensuring global market access.
- Ripple Prime cleared over $3 trillion last year and is now a clearing member of Nodal Clear.
- The partnership follows Ripple’s recent addition of support for Hyperliquid as its first DeFi venue.
This collaboration enhances Ripple’s service offerings by integrating Coinbase’s derivatives into its clearing framework, aimed at improving efficiency for institutional clients globally.
With this partnership, Ripple Prime expands its capabilities in the crypto derivatives market while facilitating access to new trading options for clients.(Source)
