TLDR
- Institutional clients using Ripple Prime can now access Coinbase crypto futures contracts for bitcoin, ether, Solana, and XRP
- Clearing services are provided via Nodal Clear, a CFTC-regulated clearinghouse in the United States, with continuous 24/7 availability
- During 2025, Ripple Prime processed more than $3 trillion in total trading volume
- The platform operates through Hidden Road, which Ripple acquired for $1.25 billion in the previous year
- Ripple continues aggressive expansion through strategic acquisitions including Rail, GTreasury, and Palisade
Ripple Prime, the institutional-focused platform from Ripple, has integrated the complete range of Coinbase Derivatives futures contracts into its clearing infrastructure. This integration provides institutional traders with streamlined access to regulated cryptocurrency futures through a unified platform.
The newly available contracts feature nano bitcoin and nano ether futures, which are reduced-size contracts designed to lower capital requirements for traders. Coinbase additionally offers futures products for Solana and XRP, with both standard and smaller contract sizes available.
These contracts support continuous trading operations twenty-four hours a day, every day of the week. Clearing operations are handled by Nodal Clear, a derivatives clearing organization under the regulatory oversight of the U.S. Commodity Futures Trading Commission.
Throughout 2025, Ripple Prime facilitated over $3 trillion in trading volume spanning multiple asset classes. The platform delivers comprehensive brokerage, clearing, and financing solutions tailored for institutional market participants.
How Hidden Road Powers the New Offering
The expanded futures capabilities are enabled by Hidden Road Partners, a futures commission merchant and prime brokerage firm that Ripple purchased in a $1.25 billion transaction last year. Following completion of the acquisition, the company underwent rebranding as Ripple Prime.
Noel Kimmel, serving as President of Ripple Prime, explained that the collaboration with Nodal Clear and Coinbase broadens the platform’s exchange connectivity. He emphasized that it introduces additional futures trading possibilities for clients while advancing the company’s mission to provide institutions with enhanced market accessibility.
Boris Ilyevsky, who leads U.S. Futures Exchange operations at Coinbase, stated that the partnership addresses increasing institutional appetite for regulated cryptocurrency futures products. He highlighted that the agreement facilitates liquidity delivery and continuous trading capabilities to a broader base of market participants within a CFTC-regulated framework.
Paul Cusenza, serving as Chairman and CEO of Nodal Clear, noted that Ripple’s client base can now seamlessly access the entire portfolio of Coinbase Derivatives contracts via the clearing infrastructure.
Cryptocurrency futures have experienced rapid expansion as a significant component of the digital asset ecosystem. Institutional trading firms frequently favor futures contracts because they enable price exposure and hedging strategies without requiring direct ownership of underlying digital tokens.
Ripple’s Recent Acquisitions
Ripple has executed multiple significant acquisitions throughout the past year as part of its institutional services expansion strategy.
Beyond the Hidden Road transaction, Ripple acquired stablecoin payments platform Rail in a $200 million deal. The company also completed purchases of treasury technology firm GTreasury and cryptocurrency wallet infrastructure provider Palisade.
Coinbase Derivatives operates as a Designated Contract Market under the Commodity Exchange Act. The exchange was previously operated under the name FairX before Coinbase’s acquisition.
Nodal Clear functions as the central counterparty for all cleared transactions, positioning itself as the buyer for every seller and the seller for every buyer. This arrangement minimizes credit exposure for trading participants.
The enhanced futures product suite is currently operational and accessible to all Ripple Prime institutional clients.
