Ripple, along with derivatives clearing organisation Nodal Clear, has given Ripple Prime clients access to the full range of Coinbase Derivatives’ contracts cleared by Nodal Clear. The contracts include traditional futures contracts for cryptocurrencies and commodities, as well as US perpetual-style futures, and will be available 24/7 in a CFTC-regulated environment. Noel Kimmel, president of Ripple Prime, said that offering the full suite of Coinbase Derivatives’ contracts within Ripple Prime’s clearing framework underscores the commitment to delivering increased market access and efficiency to institutions globally. Boris Ilyevsky, Coinbase’s Head of US Futures Exchange, added that the collaboration reinforces the commitment to delivering deep liquidity, innovative contract design, and 24/7 trading to a broader range of market participants.
Paul Cusenza, chairman and CEO of Nodal Clear, believes the partnership will allow Ripple’s clients to efficiently access the full suite of Coinbase Derivatives’ contracts, further diversifying the trading opportunities available through our clearing services. Ripple Prime now has access to the full range of Coinbase Derivatives contracts that are cleared by Nodal Clear, expanding regulated market access for institutional clients. The offering covers traditional cryptocurrency and commodity futures as well as US perpetual-style futures, available around the clock in a US CFTC-regulated environment. Coinbase’s Head of US Futures Exchange, Boris Ilyevsky, and Nodal Clear’s leader, Paul Cusenza, highlighted that the arrangement broadens trading opportunities through improved access to the full suite of contracts and reinforces the value of the clearing services ecosystem for institutional clients.
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