What To Know:
- Ripple has integrated Hyperliquid into Ripple Prime.
- This gives institutional clients access to on-chain perpetual futures within a familiar prime brokerage framework, without managing wallets or smart contracts.
- While Hyperliquid’s HYPE token rose about 5% after the announcement, XRP saw little immediate impact,but surged briefly.
Ripple has added on-chain perpetual futures trading through an integration with Hyperliquid. The move brings decentralized derivatives into Ripple Prime, the company’s prime brokerage platform designed for professional and institutional market participants.
The integration was announced on Feb. 4 and will help Ripple Prime be a gateway between traditional market infrastructure and decentralized trading venues. Institutional clients can now access perpetual futures and related derivatives offered by Hyperliquid while keeping their activity within a familiar prime brokerage setup.
Ripple’s Integration of Hyperliquid and XRP Market Movement
Ripple said the update allows trading and margining on decentralized markets without requiring firms to manage their own wallets or interact directly with smart contracts. For many institutions, those operational steps have limited participation in on-chain derivatives. By handling execution and risk through a centralized framework, Ripple Prime enables clients to approach decentralized perpetuals in a manner closer to conventional exchange trading.
Michael Higgins, international chief executive of Ripple Prime, said the company aims to expand the range of trading and yield strategies available to institutional clients. He described the Hyperliquid connection as part of an attempt to provide direct access to digital asset markets while maintaining the controls expected by professional firms.
Ripple framed the move as its first direct integration with a decentralized trading protocol. Until now, the company’s institutional offerings have focused largely on payments infrastructure, custody, and brokerage services tied to centralized venues. The Hyperliquid link signals a shift toward market access and execution in on-chain environments.
Hyperliquid has grown into one of the largest decentralized perpetual futures platforms by trading volume. Built on its own layer-1 network, the venue supports high-frequency trading and deep liquidity, features that have drawn increasing attention from professional traders. The platform has also invested in market infrastructure designed to resemble the standards used by centralized derivatives exchanges.
Through Ripple Prime, institutional clients can manage Hyperliquid positions alongside foreign exchange, fixed income, over-the-counter swaps, and cleared products. Exposure is handled under a single counterparty relationship, with consolidated margining and centralized risk controls. That structure allows firms to monitor and manage risk across asset classes without fragmenting capital across multiple venues.
Market observers say the integration elevates Hyperliquid’s standing within institutional trading workflows. At the same time, analysts note that the development does not create a direct utility link for XRP or for activity on the XRP Ledger itself. The brokerage connection expands access to decentralized derivatives but remains separate from Ripple’s native blockchain network.
Following the announcement, Hyperliquid’s HYPE token rose about 5 percent. XRP showed little immediate benefit. At the time of writing, XRP was trading near $1.43, up roughly 0.3 percent on the day. The token has declined across major timeframes, down about 24% over the past week and close to 38% over the past month.
Over the last seven days, XRP has traded within a range of roughly $1.44 to $1.88, with sellers maintaining control. Trading activity has increased during the downturn. XRP recorded about $5.07 billion in volume over the past 24 hours, a rise of 25 percent, pointing to heavy participation during the sell-off.
On-chain data shows heightened movement on the XRP Ledger. A Feb. 4 analysis by CryptoQuant contributor CryptoOnchain reported that the seven-day simple moving average of XRP velocity climbed to 0.013 on Feb. 3. That level matched peaks last seen in January 2025. In previous cycles, similar readings have appeared around periods of market stress. In the current case, higher velocity coincided with falling prices, and suggested rapid transfers rather than long-term accumulation.
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