Ripple and Nodal Clear announced that clients using Ripple Prime can now access the full suite of Coinbase Derivatives futures contracts through Nodal Clear’s clearing infrastructure.
The integration allows institutional traders on Ripple Prime to trade regulated crypto futures listed on Coinbase Derivatives, including nano Bitcoin and nano Ether contracts as well as futures tied to Solana and XRP.
Access to the derivatives products is enabled through Ripple Prime, the prime brokerage platform created after Ripple acquired futures commission merchant Hidden Road Partners CIV US LLC. The platform provides multi-asset prime brokerage, clearing, and financing services for institutional clients.
Ripple Prime president Noel Kimmel said the collaboration expands the platform’s exchange connectivity and provides clients with additional futures trading opportunities through regulated infrastructure.
The arrangement also positions Ripple as a clearing member of Nodal Clear, allowing its institutional clients to access Coinbase Derivatives contracts through the clearinghouse.
Coinbase’s head of US futures exchange Boris Ilyevsky said the collaboration broadens institutional access to regulated crypto futures markets while providing liquidity and round-the-clock trading within a CFTC regulated framework.
Nodal Clear chief executive Paul Cusenza said Ripple’s participation as a clearing member enables its clients to efficiently access the full range of Coinbase Derivatives contracts while expanding the trading opportunities available through the clearing network.
