Ripple is expanding its institutional trading platform. Ripple Prime customers will get access to crypto futures from Coinbase Derivatives, which allows large investors to trade regulated derivatives under the supervision of the US regulator CFTC.
Bitcoin, Ethereum, Solana and XRP futures available
Ripple Prime now supports all crypto futures on Coinbase Derivatives. This concerns futures on Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP. For each currency there are standard contracts and nano futures, smaller variants that lower the entry barrier.
The contracts are processed through Nodal Clear, a regulated US clearing house supervised by the CFTC. This is a strict condition for institutional investors to trade in crypto. With futures they can respond to price movements without buying the coins themselves, or protect existing positions against sudden fluctuations.
Ripple invests billions in institutional infrastructure
The expansion builds on last year’s $1.25 billion acquisition of Hidden Road. That prime broker has since operated as Ripple Prime and offers brokerage, clearing and financing. More than $3 trillion in trading volume was processed through the platform last year.
In addition, Ripple bought stablecoin payments company Rail for $200 million, treasury technology company GTreasury and wallet infrastructure company Palisade. All building blocks with which Ripple positions itself as an all-in-one platform for institutional crypto trading.
Source: https://newsbit.nl/ripple-voegt-coinbase-crypto-futures-toe-aan-handelsplatform-voor-grote-beleggers/
