Ripple Announces Institutional Support for Hyperliquid
Hyperliquid seems to be the talk of the town lately, and Ripple just announced that its Ripple Prime brokerage platform will support Hyperliquid. 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:
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.
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