Top Highlights
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Integration Announcement: Ripple has integrated Hyperliquid into its Ripple Prime brokerage platform, enabling clients to access on-chain derivatives and cross-margining with supported assets.
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Client Benefits: This partnership allows institutional clients to leverage Hyperliquid’s liquidity while maintaining a single counterparty relationship, enhancing efficiency and innovation in trading.
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Leadership Expansion: Ripple Prime’s CEO, Michael Higgins, emphasized the firm’s commitment to merging decentralized finance (DeFi) with traditional brokerage services, expanding access to liquidity for clients.
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Market Context: The integration comes as decentralized perpetual futures exchanges gain traction, with Hyperliquid attracting billions in daily volumes and providing industry-leading on-chain liquidity.
Ripple Integrates Hyperliquid for Enhanced Prime Brokerage Solutions
Ripple recently announced a significant development. The company will now support Hyperliquid on its Ripple Prime brokerage platform. This integration provides institutional clients access to on-chain derivatives. Furthermore, clients can cross-margin their exposure to decentralized finance alongside various other assets, including cleared derivatives and forex.
Michael Higgins, CEO of Ripple Prime, expressed enthusiasm about the move. He stated, “At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services.” This statement highlights a commitment to improving trading options and yield generation for clients.
Moreover, the integration comes as Hyperliquid garners attention in the industry. The decentralized perpetual futures exchange has experienced billions in daily trading volumes. As a result, it offers the most extensive on-chain liquidity order book available.
Ripple continues to adapt and expand its offerings. Recently, the company secured a preliminary electronic money institution license in Luxembourg. This move emphasizes Ripple’s focus on compliance as it navigates regulatory landscapes worldwide.
Overall, the partnership with Hyperliquid not only enhances Ripple’s services but also contributes to the ongoing evolution of financial technology. As institutions seek innovative solutions, Ripple’s developments could play a crucial role in shaping the future of finance.
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