Ripple Announces Institutional Support for Hyperliquid
Hyperliquid appears to be the speak of the city recently, and Ripple simply introduced that its Ripple Prime brokerage platform will assist the perp DEX. In different phrases, the agency’s institutional shoppers will be capable to entry on-chain derivatives whereas cross-margining their publicity to decentralized finance with all different belongings which might be supported by Ripple Prime.
These embrace cleared derivatives, OTC swaps, fastened earnings, foreign exchange, and different digital belongings.
According to the official launch, “shoppers can entry Hyperliquid liquidity whereas benefiting from a single counterparty relationship.”
Speaking on the matter was Michael Higgins, the worldwide CEO of Ripple Primer, who mentioned:
“At Ripple Prime, we’re excited to proceed main the best way in merging decentralized finance with conventional prime brokerage providers, providing direct assist to buying and selling, yield technology, and a wider vary of digital belongings. This strategic extension of our prime brokerage platform into DeFi will improve our shoppers’ entry to liquidity, offering the larger effectivity and innovation that our institutional shoppers demand.”
Ripple continues to develop its product providing whereas additionally engaged on licensing and regulatory points worldwide. Recently, they secured a preliminary digital cash establishment license in Luxembourg.
The transfer to combine Hyperliquid into their prime brokerage answer additionally comes at a time when the decentralized perpetual futures alternate is attracting billions in every day volumes throughout quite a lot of belongings, offering the deepest on-chain liquidity order e-book within the trade.
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