Ripple Prime Integrates With EDX Markets for Spot and Perpetual Trading

Ripple Prime, the institutional prime brokerage arm of the blockchain company Ripple, has integrated with EDX Markets and EDXM International, providing clients with a unified platform to access both spot and perpetual futures markets. The integration, announced on May 19, is designed to offer institutional investors a single framework for credit intermediation, net settlement, and collateral management.

The move allows Ripple Prime's clients to connect to EDX's spot liquidity and EDXM International's perpetual futures exchange through one prime brokerage structure. Officials said the setup aims to improve capital efficiency for institutions navigating fragmented digital asset markets. Michael Higgins, International CEO of Ripple Prime, described the integration as a market-structure upgrade, stating that institutions want smarter infrastructure rather than having to manage more trading venues. He added that EDX delivers the performance, reliability, and depth clients expect.

A key element of the partnership is the planned future role for Ripple USD (RLUSD), Ripple's dollar-pegged stablecoin. The companies stated the collaboration lays the groundwork for RLUSD to be used as a...