Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading
By Unchained
AI summary of the source article
Ripple Prime launched 24/7 swaps tied to perpetual futures on Hyperliquid for stocks, commodities, and currencies, with market maker Virtu already trading. The swaps can be cross-margined against other assets and are available through Ripple Prime’s CIV BVI license.
Why it matters
Virtu stated that Ripple Prime's cross-margining helps the firm "expand our presence more efficiently as markets move toward round-the-clock access."
Key facts
- Ripple Prime's swaps track over 100 markets across stocks, indices, ETFs, commodities, and currencies, trading and settling 24/7.
- Swaps can be cross-margined inside Ripple Prime accounts, and clients can post Ripple's RLUSD stablecoin as collateral depending on jurisdiction.
- Ripple Prime acts as principal for each swap following Trade.xyz perpetual futures on decentralized exchange Hyperliquid.
Source excerpt · Unchained
The new swaps track Trade.xyz perpetual markets on Hyperliquid, with Ripple Prime taking the other side of each trade and accepting RLUSD as collateral. The post Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading appeared first on Unchained .