Hyperliquid seems to be the talk of the town lately, and Ripple just announced that its Ripple Prime brokerage platform will support the perp DEX. In other words, the firm’s institutional clients will be able to access on-chain derivatives while cross-margining their exposure to decentralized finance with all other assets that are supported by Ripple Prime.
These include cleared derivatives, OTC swaps, fixed income, forex, and other digital assets.
According to the official release, “clients can access Hyperliquid liquidity while benefiting from a single counterparty relationship.”
Speaking on the matter was Michael Higgins, the international CEO of Ripple Primer, who said:
“At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services, offering direct support to trading, yield generation, and a wider range of digital assets. This strategic extension of our prime brokerage platform into DeFi will enhance our clients’ access to liquidity, providing the greater efficiency and innovation that our institutional clients demand.”
Ripple continues to expand its product offering while also working on licensing and regulatory issues worldwide. Recently, they secured a preliminary electronic money institution license in Luxembourg.
The move to integrate Hyperliquid into their prime brokerage solution also comes at a time when the decentralized perpetual futures exchange is attracting billions in daily volumes across a variety of assets, providing the deepest on-chain liquidity order book in the industry.
The post Ripple Announces Institutional Support for Hyperliquid appeared first on CryptoPotato.
Ripple integrates Hyperliquid for its prime brokerage solution. AA News, Crypto News, Hyperliquid (HYPE), Ripple
This articles is written by : Nermeen Nabil Khear Abdelmalak
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