Ripple refers to this step as the first direct association to a decentralised trading protocol, indicating a shift from infrastructure and payment-targeted services.
After the announcement, the price of HYPE witnessed a 5% gain regardless of the current crypto market downturn.
The institutional brokerage arm of Ripple has permitted access to decentralised derivatives markets by amalgamating Hyperliquid into its Prime brokerage platform. The firm publicised the partnership through a statement published on February 4, keeping it as a step to connect traditional finance with decentralised trading.
Ripple has stated that Ripple Prime now backs trading and margining on Hyperliquid, a decentralised Layer 1 blockchain having completely on-chain order books. Via this amalgamation, institutional clients can have access to perpetual futures and other derivatives at the time of managing exposure along with FX, fixed income, OTC swaps, and cleared products.
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We współpracy z: https://thenewscrypto.com/ripple-prime-integrates-hyperliquid-to-open-defi-derivatives-access/
