Overview
- Institutional clients on Ripple Prime can now trade the full suite of Coinbase Derivatives futures cleared by Nodal Clear, with Ripple joining as a clearing member.
- Available products include bitcoin, ether, solana and XRP contracts, including nano BTC and nano ETH sizes, within a CFTC-regulated market operating 24/7.
- The connectivity stems from Ripple’s $1.25 billion Hidden Road acquisition, rebranded as Ripple Prime after reporting more than $3 trillion in 2025 trading volume.
- Ripple published a whitepaper outlining a Digital Prime Broker model that would use XRPL on-chain credit lines and the Permissioned DEX to support earlier, credentialed settlement.
- In parallel, Coinbase Prime announced unified cross-margin across spot and derivatives with access to 20+ CFTC-regulated futures, expanding the institutional derivatives stack.