Ripple announced that it will support perpetual futures trading on more than 100 traditional financial assets through Ripple Prime, its service for institutional investors.
Using Trade.xyz infrastructure on Hyperliquid, it will enable 24-hour trading of stocks, ETFs, gold, oil, foreign exchange, and more.
š Key Details
- Tradable assets: More than 100 assets, including stocks, ETFs, commodities, and foreign exchange
- Trading hours: Trading and settlement 24 hours a day, 7 days a week
- Trading infrastructure: Hyperliquid-based Trade.xyz
- Institutional service: Trading and unified margin management through Ripple Prime
- Actual client: Global market maker Virtu is also using the service
āļø In the long run, this is a positive signal for the HYPE ecosystem. We will have to see how much institutional trading volume actually flows in.