Ripple (CRYPTO: XRP) is integrating Hyperliquid (CRYPTO: HYPE) into Ripple Prime, its institutional prime brokerage platform, marking the first time the company has directly supported a decentralized finance venue.
The First DeFi Integration
The integration allows Ripple Prime clients to access Hyperliquid’s on-chain derivatives markets while managing those positions alongside traditional markets like foreign exchange and fixed income, a press release announced on Wednesday.
Ripple Prime acts as the sole counterparty, sitting between clients and underlying trading venues.
Institutions can manage positions across multiple platforms under a single risk and margin framework instead of dealing with each venue separately.
Michael Higgins, International CEO at Ripple Prime, said the move enhances clients access to liquidity with greater efficiency.
Hyperliquid’s Explosive Growth
Hyperliquid has become the largest decentralized perpetual contract exchange, surpassing $5 billion in open interest and $200 billion in monthly trading volume as of mid-January.
The platform recently expanded into tokenized commodities including silver futures, which helped HYPE token outperform during the recent crypto selloff.
Hyperliquid is also eyeing prediction markets as its next product category.
The Ripple Prime Platform
Ripple Prime was formed following Ripple’s $1.25 billion acquisition of Hidden Road in April 2025, completed in October 2025.
The platform serves over 300 institutional clients and clears more than $3 trillion annually.
Since the acquisition announcement, the business has grown threefold.
Services include clearing, prime brokerage, and financing across multiple asset classes, with XRP and Ripple’s RLUSD (CRYPTO: RLUSD) stablecoin integrated across offerings.
HYPE Price Action
HYPE is up 4% on Wednesday, breaking above a descending trendline that pressured prices since October.
The token crossed above the 200 EMA around $32.86, confirming a major trend reversal.
The RSI at 65.29 indicates strong momentum without overheating.
Technical targets point to $60, with immediate resistance at $34-$35.
Support sits at $30-$32 backed by clustered EMAs between $28-$30.
Image: Shutterstock
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