Ripple has announced a significant expansion of its institutional brokerage platform, Ripple Prime, by integrating crypto futures contracts listed on Coinbase Derivatives. Institutional clients using Ripple Prime can now directly trade regulated futures for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. This integration provides a seamless environment for professional investors to combine spot and derivatives trading within a single, regulated infrastructure.
The move connects Ripple Prime to a U.S. Commodity Futures Trading Commission (CFTC) regulated derivatives market. The available contracts include both standard and smaller "nano" contracts for Bitcoin and Ethereum, which reduce capital requirements for traders, as well as futures for Solana and XRP. All contracts are cleared through Nodal Clear, with Ripple having become a clearing member to facilitate settlement and risk management.
This development follows Ripple's strategic acquisition of Hidden Road Partners for $1.25 billion, a Futures Commission Merchant and prime broker that was later integrated into Ripple Prime. This acquisition provided the necessary clearing and brokerage framework to support derivatives trading. Noel Kimmel, President of Ripple Prime, stated that offering the full suite of Coinbase Derivatives contracts within Ripple Prime's clearing framework "increases market access and efficiency for institutions globally."
The integration underscores the growing institutional demand for sophisticated crypto trading tools. Ripple Prime processed over $3 trillion in institutional trading volume in 2025, highlighting its established role in the market. The platform is designed to meet the needs of hedge funds, market makers, and trading desks that require secure custody, deep liquidity, and advanced execution tools comparable to traditional finance.
By bridging its prime brokerage infrastructure with regulated derivative markets, Ripple strengthens its position as a key infrastructure provider for institutional digital asset trading. The partnership also signals deeper collaboration between major industry players, linking Coinbase's regulated exchange with Ripple's institutional client base and expertise.
