HSBC: Liquidity depth will decide whether Ripple Prime's 24/7 derivatives attract institutions
- —Ripple Prime offers swaps across 100+ equity, commodity and FX markets
- —Contracts are tied to Trade.xyz perpetuals on Hyperliquid, collateralized in RLUSD
- —Virtu already uses the service, but Ripple has not disclosed volumes
- —HSBC says institutions need depth to hedge when traditional markets are shut
Why it matters: Without deeper liquidity, Ripple's 24/7 derivatives may stay a niche tool for arbitrageurs rather than a venue for large institutions.
Source: PANews