Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading
The brokerage said the swaps let institutions cross-margin positions and use RLUSD collateral, while Hyperliquid’s fee-sharing model can fund HYPE buybacks.
- On October 15, 2026, Ripple Prime launched 24/7 swap offerings for institutional clients, covering more than 100 perpetual markets for traditional assets including stocks and commodities on Hyperliquid.
- Institutional interest in traditional-asset perpetual markets has surged from nearly zero to about $9 billion over the past year, driving demand for round-the-clock trading infrastructure.
- Virtu Financial, one of the launch clients, uses the platform to cross-margin positions against other asset classes, according to Scotte Moegling, head of business development for digital assets at Virtu.
- Clients can use Ripple USD as collateral, though Ripple Prime faces competition from Deribit, which is introducing over 90 USDC-settled contracts for crypto and traditional assets.
- "RWA swaps are where traditional and digital markets meet," said Michael Higgins, international CEO of Ripple Prime, as the firm plans to expand the product into more regions.
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42 Articles
Ripple Is Plugging Wall Street Into Hyperliquid's Markets. Better Buy: HYPE or XRP?
Ripple has seamlessly linked Wall Street trading desks with Hyperliquid-based markets, raising the question: which cryptocurrency will benefit more, HYPE or XRP? On October 15, 2026, Ripple Prime launched swap offerings for institutional clients, covering 100+ perpetual markets for traditional assets, including stocks and commodities. Trade.xyz powers these markets on the Hyperliquid exchange. Ripple developed […]
Ripple Opens $9 Billion Perp-Trading Boom to Wall Street Clients
Cryptocurrency firms are increasingly turning to the world of traditional finance for their next leg of growth by positioning themselves as competitors to Wall Street’s entrenched institutional businesses.
XRP News: Ripple Prime Opens 24/7 Swaps Across 100+ Markets
Ripple launched institutional perpetual swaps referencing more than 100 traditional financial markets on Oct. 15. The products are available through Ripple Prime, with trading and settlement operating around the clock. The latest XRP news expands Ripple’s institutional brokerage services through contracts linked to Trade.xyz perpetual futures on Hyperliquid. Virtu is among the institutions …
Ripple Prime Opens 100+ Traditional Markets to 24/7 Perp Swaps
Ripple said its brokerage arm now supports real‑world asset perpetual swaps spanning 100+ reference markets, with Virtu among early participants. The swaps reference perps listed by Trade.xyz on Hyperliquid; cross‑margining and RLUSD collateral are available, subject to jurisdiction.
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