Ripple Teams Up With The Hottest DeFi Protocol In Town, But XRP Dives To $1.50
Ripple (CRYPTO: XRP) is integrating Hyperliquid (CRYPTO: HYPE) into Ripple Prime, its institutional prime brokerage platform, marking the first time the company has directly supported a decentralized finance venue.
The First DeFi Integration
The integration allows Ripple Prime clients to access Hyperliquid’s on-chain derivatives markets while managing those positions alongside traditional markets like foreign exchange and fixed income, a press release announced on Wednesday.
Ripple Prime acts as the sole counterparty, sitting between clients and underlying trading venues.
Institutions can manage positions across multiple platforms under a single risk and margin framework instead of dealing with each venue separately.
Michael Higgins, International CEO at Ripple Prime, said the move enhances …
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