Virtu Financial Trades Ripple Prime Swaps Linked to 100+ Global Markets
Key Facts
Virtu Financial traded Ripple Prime swap contracts referencing Trade.xyz perpetual futures on the Hyperliquid platform. TokenPost reported that these swaps are linked to more than 100 markets, including equities, metals, energy, and foreign exchange, with Ripple Prime acting as the principal to clients in these transactions.
Ripple USD (RLUSD) can be used as collateral for these contracts, subject to jurisdictional availability. This expansion of institutional derivatives allows clients to access on-chain perpetual liquidity and cross-margin exposures across various asset classes, with trading and settlement operating seven days a week.
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Update: Ripple made its debut on the Nasdaq exchange over the past week. This listing occurred amid contrasting performance for the company's native cryptocurrency in global markets.