Ripple opens Wall Street’s door to Hyperliquid’s $59 billion trading market

Institutions trade swaps referencing more than 100 traditional financial markets around the clock, with Ripple Prime as the principal counterparty, Ripple announced on Oct. 15.The swaps cover stocks, equity indices, ETFs, metals, energy and foreign exchange, and they reference perpetual contracts that Trade.xyz lists on Hyperliquid.The structure offered by RippleRipple offers consolidated margining across the supported asset classes and accepts RLUSD as eligible collateral, subject to jurisdiction. The product runs through Ripple Prime's British Virgin Islands entity, with other regions planned.It builds on Ripple Prime's February Hyperliquid integration and the total-return swaps on equities, indices and digital assets that Ripple announced in August, so the new elements are the Trade.xyz reference markets and continuous trading.0xArchive reports that Trade.xyz handled $59.4 billion of perpetual volume in September, 23.9% of Hyperliquid's total, across 110 listed markets. Weekend volume averaged $541 million a day, and all of these are venue-wide figures.Pricing when stock exchanges closeTrade.xyz's oracle references conventional prices during external trading sessions and switche...