CMC News

#Ripple Prime Opens DeFi Access Through Hyperliquid

Ripple Prime has added support for decentralized exchange #Hyperliquid, marking the institutional brokerage platform's first direct integration with a DeFi venue. A Ripple Prime spokesperson confirmed to The Block that clients can now access Hyperliquid's on-chain derivatives while managing positions alongside traditional asset exposures.

The integration lets institutions cross-margin #DeFi derivatives with positions across foreign exchange, fixed income, and centralized crypto venues under one risk framework. Ripple Prime sits between clients and trading venues as the sole counterparty, consolidating positions that would otherwise require separate management at each platform.

Michael Higgins, Ripple Prime's international CEO, said the platform continues to lead in merging decentralized finance with traditional prime brokerage. He added that the DeFi extension enhances client #liquidity access with greater efficiency and innovation that institutional clients demand. Ripple Prime plans to support both centralized and decentralized liquidity as institutional DeFi participation expands.

Hyperliquid became the largest decentralized perpetual contracts exchange after surpassing $5 billion in open interest and $200 billion in monthly trading volume by mid-January. The platform's recent #tokenized commodity trading surge, including silver futures, attracted attention and helped $HYPE outperform during the ongoing sell-off. Hyperliquid is also exploring prediction markets.

The integration builds on growing interoperability between traditional and crypto markets. Earlier this year, Flare launched the first $XRP spot market on Hyperliquid with the FXRP listing, though Ripple's announcement focuses on derivatives access rather than retail spot trading.