Ripple Prime clients can now directly trade all futures products of Coinbase Derivatives through a partnership with Nodal Clear, a CFTC-registered derivatives clearing organization. This integration was officially announced on March 5, 2026, marking a significant step for institutional investors to engage in 24/7 crypto derivatives trading without leaving the Ripple Prime clearing and financing system.
This capability stems from Ripple Prime's upgrade as a version of Hidden Road Partners, which has officially become a clearing member of Nodal Clear. Ripple completed its acquisition of the global multi-asset prime broker Hidden Road in October 2025 for $1.25 billion. This move makes it the first native crypto company with a full-chain prime brokerage service covering forex, digital assets, and derivatives clearing capabilities.
All clearing, risk control, and financing processes are completed within the Ripple Prime platform, significantly enhancing operational efficiency for institutions. The currently tradable products include the entire range of futures contracts from Coinbase Derivatives, providing the market with richer hedging and arbitrage tools.
In 2025, Ripple Prime processed over $30 trillion in transaction volume, serving more than 300 clients. This integration further enhances the platform's liquidity depth and risk hedging precision, especially providing a unified operating platform for institutions looking to manage spot positions, execute basis trades, or engage in cross-market arbitrage.
Ripple Prime President Noel Kimmel stated that this initiative aims to “provide a broader and more efficient market access for global institutions.” Nodal Clear CEO Paul Cusenza noted that this move significantly expands the trading possibilities under its clearing services.
This is not an isolated action but an important part of Ripple's systematic strategy to build institutional infrastructure since 2025. Previously, the company has acquired the payment network Rail, the treasury management platform G Treasury, and the custody service provider Palisade, with Ripple Prime becoming the core hub of this ecosystem.
The market has reacted positively to this integration, which has not yet triggered significant fluctuations in the price of XRP. Currently, the open interest in Nano XRP futures remains low, reflecting that the market is still in the early stages of infrastructure implementation and has not yet entered a large-scale speculative phase.