Ripple has integrated the decentralized exchange Hyperliquid into its institutional prime brokerage platform, according to an announcement. The move allows Ripple’s institutional clients to access on-chain derivatives liquidity and cross-margin their DeFi positions with other asset classes. The price of Hyperliquid’s HYPE token is up approximately 33% over the last month, while Ripple’s XRP has fallen 20% weekly amid a broader market decline.
Crypto payments firm Ripple has integrated the decentralized exchange Hyperliquid into its institutional prime brokerage platform. The integration enables clients to access on-chain derivatives liquidity while cross-margining decentralized finance positions with other assets.
Ripple Prime International CEO Michael Higgins stated, “This strategic extension of our prime brokerage platform into DeFi will enhance our clients’ access to liquidity, providing the greater efficiency and innovation that our institutional clients demand.” Ripple’s services are built around the XRP cryptocurrency and its RLUSD stablecoin.
Hyperliquid, which has seen a recent surge in commodities futures trading, plans to introduce “outcome trading” for prediction markets. The platform recently experienced substantial liquidations amid volatility in its new perpetual futures markets for assets like gold and silver.
The price of the HYPE token is up nearly 33% over the last month and about 3% over the last week. In contrast, XRP has fallen by 20% over the last week amid a broader crypto market downturn affecting most major assets.
