Overview
- Ripple said on Feb. 4 that its institutional brokerage now supports trading on Hyperliquid’s decentralized derivatives protocol.
- Clients can cross‑margin DeFi exposures with FX, fixed income, OTC swaps, cleared derivatives, and other digital assets inside Ripple Prime.
- Access to Hyperliquid runs through a single counterparty relationship with centralized risk management and consolidated margin.
- The integration is Ripple Prime’s first with a major DeFi venue, positioning the platform to compete with brokers such as FalconX and Coinbase Prime.
- Hyperliquid reports deep liquidity and rapid growth, its HYPE token has risen around the announcement, while XRP has recently fallen alongside a weaker crypto market.