- Ripple Prime now offers institutional access to Hyperliquid perpetuals with cross-margining across FX, fixed income, and swaps.
- The integration brings DeFi derivatives into a single prime brokerage interface with centralized risk and margin management.
- Hyperliquid’s growth, with over $5B open interest, strengthens Ripple Prime’s push into institutional onchain markets.
Ripple announced that it added Hyperliquid to its Ripple Prime brokerage platform, its first decentralized finance integration. The announcement outlined institutional access to onchain perpetuals through a single prime brokerage interface. Ripple said the move allows clients to trade DeFi derivatives while managing margin and risk within Ripple Prime.
How Ripple Prime Integrates Hyperliquid
Ripple stated that Ripple Prime clients can now access Hyperliquid’s decentralized perpetuals liquidity directly through the platform. Notably, clients can cross-margin DeFi derivatives exposures with other supported asset classes. These assets include FX, fixed income, and over-the-counter swaps.
According to Ripple, the platform continues to function as a unified access point for institutions managing multi-asset portfolios. However, the Hyperliquid integration focuses on derivatives rather than retail spot trading. Ripple emphasized centralized risk management and consolidated margin across supported markets.
Earlier this year, Flare launched an XRP spot market on Hyperliquid through FXRP. However, Ripple’s announcement centers on institutional derivatives access. The company said the integration keeps all margin and risk controls inside Ripple Prime.
Hyperliquid’s Growth and Market Position
Hyperliquid has expanded rapidly within decentralized derivatives markets. As of mid-January, the platform recorded over $5 billion in open interest. Monthly trading volume exceeded $200 billion, surpassing several competing exchanges.
The platform has also seen growth in tokenized commodity products. These include silver futures, which gained attention during recent market volatility. Hyperliquid is also exploring prediction markets, according to prior disclosures.
Ripple noted that Hyperliquid now supports customized perpetuals for stocks and commodities following its HIP-3 upgrade. This feature allows institutions broader exposure through onchain derivatives.
Ripple Prime’s Expansion Strategy
Ripple launched Ripple Prime in late 2025 after acquiring Hidden Road for $1.25 billion. The firm rebranded the prime brokerage following the acquisition. Ripple said XRP and the RLUSD stablecoin remain central to its offerings.
Ripple also recently secured an EU-wide electronic money institution license in Luxembourg. This license allows Ripple to provide regulated digital payment services across the European Union.
