ET 12:51

Ripple Integrates With Hyperliquid, Expanding Institutional DeFi Access (RIP, XRP)

Ripple has integrated with Hyperliquid, enabling institutional clients to access DeFi on-chain derivatives liquidity through its prime brokerage platform and cross-margin assets across crypto, forex, fixed income, and OTC swaps. “This strategic extension of our prime brokerage platform into DeFi will enhance our clients' access to liquidity, providing the greater efficiency and innovation that our institutional clients demand,” said Michael Higgins, CEO of Ripple Prime International. Hyperliquid, a leading DEX, continues expanding into prediction markets with an “outcome trading” proposal and has added perpetual futures for gold, silver, and copper. HYPE rose 33% in the last month, 4% on the day, and 3% in the past week. Meanwhile, XRP fell 20% in the past week amid broader crypto volatility affecting Bitcoin and Ethereum.

EditorJack Lee