Ripple Prime will route institutional clients to Bullish’s regulated BTC options market while Ripple and OKX expand RLUSD in compliant venues, extending Ripple’s broader prime-broker strategy.
Ripple has expanded its institutional derivatives strategy by having Ripple Prime connect directly to Bullish’s regulated Bitcoin options market, allowing institutional clients to access the venue through Ripple’s platform. Bullish’s market remains described as the second-largest crypto-settled BTC options venue by open interest, and RLUSD, Ripple’s U.S. dollar-pegged stablecoin, is being positioned for options trading and settlement. The new report adds that Ripple and OKX are also pushing RLUSD into compliant markets and frames the move as part of Ripple’s broader $1.25 billion prime-broker push.