Bullish Adds Options Trading for Ripple Prime Users in Major Institutional Crypto Push
Bullish has deepened its partnership with Ripple in a move that could broaden institutional access to crypto derivatives. The company said on Wednesday that it is extending Bullish‘s options markets to users of Ripple Prime, Ripple’s global multi-asset prime brokerage platform. The integration is already live, according to Bullish. The expansion gives Ripple Prime‘s institutional clients direct access to Bullish’s regulated Bitcoin options market, which Bullish described as the second-largest by open interest for crypto-settled Bitcoin options. That access adds another layer to an existing relationship between the two firms, which already connected Ripple Prime users to Bullishs spot, perpetuals and dated futures markets. Bullish also said stablecoins such as Ripple USD, or RLUSD, can be used to trade options on its platform. For institutions, the appeal is not only product breadth but also speed and operational simplicity. Bullish said Ripple Prime users can deploy capital instantly through existing sub-account structures without any additional KYC requirements. The companies also pointed to a planned cross-venue margin feature, which would allow institutions to optimize collateral across exchanges and OTC desks and improve capital efficiency. Rising Institutional Interest Chris Tyrer, president of Bullish Exchange, framed the move as a response to rising institutional interest in crypto derivatives