Ripple, the blockchain company behind XRP, announced today that it has begun providing access to all crypto futures contracts listed on Coinbase’s derivatives market through its institutional trading platform, Ripple Prime.
According to the company’s statement, Ripple Prime users can now trade all cryptocurrency futures contracts offered by Coinbase Derivatives and cleared via Nodal Clear.
Coinbase Derivatives offers traditional futures contracts for crypto assets and commodities, as well as US-traded perpetual-like futures products. The platform features particularly high-liquidity nano Bitcoin and nano Ethereum contracts, as well as both institutional and small-scale contracts for Solana and XRP.
This integration is being carried out through Hidden Road Partners CIV US LLC, a futures brokerage that Ripple acquired last year. This institution now operates as Ripple Prime and offers prime brokerage, clearing, and financing services across multiple asset classes. The platform is projected to clear a total transaction volume exceeding $3 trillion by 2025.
Ripple Prime Head Noel Kimmel stated in his announcement regarding the new collaboration that the partnership with Coinbase and Nodal Clear offers institutions a wider range of derivatives trading options. Kimmel added that this step is part of Ripple’s goal to provide institutional investors with greater market access and operational efficiency.
Boris Ilyevsky, President of Coinbase US Futures Exchange, stated that demand for regulated crypto derivatives is rapidly increasing, and that the collaboration with Ripple will offer liquidity and 24-hour trading opportunities to a wider range of investors.
*This is not investment advice.
