Ripple has expanded its prime institutional brokerage offering by adding support for Hyperliquid (HYPE).
This integrates the latter into the Ripple Prime execution network, providing institutional clients with a new way to access decentralized and perpetual futures markets.
Source:
Ripple (XRP) Prime itself is not an exchange.
It functions as a prime broker; a single gateway that allows large trading companies to access multiple markets through a single account.
Instead of managing separate FX accounts and collateral pools, large players can trade between asset classes while centralizing margins, risk management and reporting.
The platform already connects customers to crypto, foreign exchange, fixed income and derivatives markets.
Hyperliquid is best known for its perpetual futures contracts; transactions are settled on-chain via smart contracts. While this model appeals to crypto-native traders, institutions without wallet infrastructure or direct access to DeFi have struggled to use it.
Integration bridges this gap.
About this development, Ripple Prime’s Mike Higgins posted on X,
“…I am incredibly excited that Ripple Prime customers will be able to access this liquidity through a single, secure counterparty.”
Reinforced structure, unimpressed prices
XRP showed little sign of tracking higher following the announcement.
The token continued to decline in the intraday period, sinking deeper into a short-term downtrend with successive lows. Any brief attempts at recovery were quickly abandoned.
Source: TradingView
HYPE, meanwhile, is faring better as of this writing. The token saw a modest rebound and prices calmed down after a brief jolt, but the movement stalled well below recent highs.
Although there is some return of interest at lower levels, this is not a bullish response.
Final Thoughts
- Ripple Prime’s Hyperliquid integration facilitates institutional access to on-chain derivatives.
- The prices of XRP and HYPE were not affected much.
