Ripple Prime Integrates Decentralized Derivatives Exchange Hyperliquid

Ripple Prime, the institutional brokerage platform of Ripple, has announced its integration with the decentralized derivatives exchange Hyperliquid. According to PANews, this marks the first time Ripple Prime has directly incorporated a DeFi trading venue. With this integration, Ripple Prime's clients can manage their positions in the Hyperliquid on-chain derivatives market within the platform. Additionally, they can oversee their exposure across other asset classes, including centralized crypto exchanges and traditional markets like forex and fixed income. Clients will continue to use Ripple Prime as their sole trading counterparty. The platform facilitates unified management of cross-platform positions under a single risk and margin framework by mediating between clients and underlying trading venues.