Ripple, the blockchain company closely linked to the XRP Ledger network (XRP), said on Thursday that customers on its Ripple Prime platform can now trade the full range of crypto futures listed on Coinbase derivatives.
The move gives institutions a new way to access regulated crypto derivatives in a market overseen by the Commodity Futures Trading Commission. Ripple said its Prime platform cleared more than $3 trillion in trading volume by 2025.
The offer includes nano bitcoin and nanoether (ETH) futures, which are smaller contracts designed to lower the capital required to trade. Coinbase also lists futures tied to Solana and XRP in both standard and smaller sizes. The contracts are cleared through Nodal Clear, an American clearing house.
Crypto derivatives have become one of the fastest growing parts of the digital asset market. Many large trading firms prefer futures because they allow investors to gain exposure to price movements or hedge risk without holding the underlying tokens. Regulated futures markets in the US have also attracted interest from institutions that need clear rules and centralized clearing.
The new service builds on Hidden Road, a futures commission trader and prime broker Ripple bought last year for $1.25 billion. The firm now operates as Ripple Prime, offering brokerage, clearing and financing services across multiple asset classes.
Ripple has been on an acquisition spree over the past year, buying a number of companies to complement the firm’s digital assets for institutions and businesses. On top of Hidden Road, the company acquired stablecoin payments firm Rail for $200 million and also acquired treasury technology provider GTreasury and crypto wallet infrastructure startup Palisade.
