Ripple announced on October 15 the launch of Ripple Prime, a platform offering perpetual swaps backed by real-world assets that grants institutions access to over 100 traditional markets, from stocks to currencies. Contracts are quoted by Trade.xyz on Hyperliquid, with Ripple Prime as the direct counterpart, and Ripple’s stablecoin is accepted as collateral. Market maker Virtu is among the first clients of this offering operating 24 hours a day, including weekends. Open interest on these products reached 9 billion dollars in one year, with exponential volume growth since January. Ripple Prime corresponds to former prime broker Hidden Road, acquired for 1.25 billion dollars in October 2025.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
