Ripple, the blockchain company behind it $XRPtoday announced that it has begun offering access to all crypto futures contracts listed on Coinbase’s derivatives market through its institutional trading platform, Ripple Prime.
Ripple Prime users can now trade all crypto futures contracts offered by Coinbase Derivatives and settled via Nordal Clear, according to a company statement.
In addition to traditional futures contracts for crypto assets and commodities, Coinbase Derivatives also offers perpetual-like futures products traded in the United States. The platform features both particularly liquid Nano Bitcoin and Nano Ethereum contracts, as well as Solana and small institutional contracts. $XRP.
The integration will be done through Hidden Road Partners CIV US LLC, a futures brokerage that Ripple acquired last year. The institution currently operates as Ripple Prime and provides prime brokerage, clearing, and lending services across multiple asset classes. The platform is expected to have a total transaction volume of over $3 trillion by 2025.
In an announcement about the new partnership, Ripple Prime head Noel Kimmel said the partnership with Coinbase and Nordal Clear will provide financial institutions with a wide range of derivatives trading options. Kimmel added that this move is part of Ripple’s goal to provide greater market access and operational efficiency to institutional investors.
Boris Ilievsky, president of Coinbase US Futures Exchange, said demand for regulated crypto derivatives is rapidly increasing and the collaboration with Ripple will provide liquidity and 24-hour trading opportunities to a wider range of investors.
*This is not investment advice.
