Ripple Prime Clients Gain Access to Bitcoin Options Through Bullish
Bullish now offers Bitcoin options trading to Ripple Prime's institutional clients via integrated prime brokerage.Summary
Crypto exchange Bullish has enhanced its integration with Ripple Prime, providing institutional clients with direct access to Bitcoin options trading. This expansion adds to the existing connectivity for spot, perpetual, and futures trading offered through Ripple Prime's prime brokerage network. The integration connects Ripple Prime users to Bullish's regulated Bitcoin options markets, allowing trades to be funded using existing sub-accounts and supporting stablecoins like Ripple USD (RLUSD) as collateral. Future plans include cross-venue margin access to improve capital efficiency for institutions. Ripple Prime, formed after the acquisition of Hidden Road, offers multi-asset brokerage, clearing, and financing services. Bullish's Bitcoin options venue is noted for its significant open interest in crypto-settled contracts, and the integration is now live. The article also touches on the growing importance of Bitcoin options for institutional risk management and hedging, citing examples like Coinbase's acquisition of Deribit and Nakamoto's derivatives program.
(Source：Cointelegraph)