A major collaboration between Coinbase and Ripple (XRP) has been announced!

Ripple, the developer of the $XRP blockchain solution, announced today that it is providing access to all cryptocurrency futures contracts listed on the Coinbase 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, with clearing services provided by Nodal Clear.

The Coinbase Derivatives platform offers traditional futures contracts for crypto assets and commodities, as well as futures products similar to perpetual contracts traded in the U.S. market. The platform provides highly liquid contracts for nano-Bitcoin and nano-Ethereum, as well as institutional and micro-sized contracts for Solana and $XRP.

The integration is carried out through Hidden Road Partners CIV US LLC, a futures commission merchant that Ripple acquired last year. This entity now operates under the name Ripple Prime and provides prime brokerage, clearing, and financing services across multiple asset classes. The platform is expected to exceed $3 trillion in total transaction volume by 2025.

Ripple Prime head Noel Kimmel said in a statement regarding the new collaboration that the partnership with Coinbase and Nodal Clear gives institutional investors a broader range of opportunities to trade derivatives. Kimmel stated that the move is part of Ripple’s goal of providing institutional investors with greater access to the market and improving operational efficiency.

Boris Ilyevsky, president of Coinbase US Futures Exchange, said that demand for regulated cryptocurrency derivatives is growing rapidly and that cooperation with Ripple will provide liquidity and round-the-clock trading opportunities for a broader range of investors.

See also: "Bitcoin Exchange Binance Continues Expanding Futures Listings"

#Coinbase #Ripple

Share: