Fast-growing decentralized exchange (DEX) Hyperliquid may welcome a fresh crop of users following an announcement Wednesday from crypto payments firm Ripple that it has added support for the exchange via its institutional prime brokerage platform.
The Ripple Prime integration allows institutional clients to access on-chain derivatives liquidity while cross-margining their decentralized finance (DeFi) positions with other asset classes including crypto, foreign exchange, fixed income, over-the-counter swaps, and more.
“This strategic extension of our prime brokerage platform into DeFi will enhance our clients' access to liquidity, providing the greater efficiency and innovation that our institutional clients demand,” said Ripple Prime International CEO Michael Higgins, in a statement.
Crypto payments giant Ripple offers services built around XRP, the fifth-largest cryptocurrency by market cap, as well as its RLUSD stablecoin introduced in 2024.
Hyperliquid, which was named Decrypt’s Project of the Year in 2025 for its impact on the crypto world, has continued to evolve with the addition of perpetual futures markets for assets like gold, silver, and copper. That has fueled a trading frenzy in recent weeks, but also substantial liquidations amid volatility, as seen last week.
That evolution into a “trade everything” exchange is continuing with plans to introduce “outcome trading,” as announced Monday, as the platform seeks to throw its hand into the expanding prediction markets boom.
The price of HYPE is up nearly 33% over the last month and is up about 4% on the day and 3% over the last week. XRP has fallen by 20% over the last week amid a broader crypto market rout that has impacted most major assets, including Bitcoin and Ethereum.
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