Ripple expands Coinbase Derivatives access through Nodal Clear partnership

Ripple expands Coinbase Derivatives access through Nodal Clear partnership
Ripple expands trading reach

​Ripple has announced an expansion of its institutional platform, Ripple Prime. As part of a new partnership, the platform’s clients now have access to the full suite of derivatives contracts offered by Coinbase Derivatives, with clearing handled by Nodal Clear.

The collaboration focuses on the regulated cryptocurrency futures market in the United States. Trading in these instruments takes place within infrastructure supervised by the U.S. Commodity Futures Trading Commission (CFTC).

Ripple Prime opens access to Coinbase Derivatives

Ripple Prime clients now have access to all contracts listed on Coinbase Derivatives. These include futures on cryptocurrencies and commodities, as well as perpetual futures on U.S. crypto assets.

Among the available instruments are highly liquid nano-Bitcoin and nano-Ethereum futures, along with institutional and nano contracts on Solana (SOL) and XRP. Trading on the platform operates around the clock.

Clearing services are provided by Nodal Clear, a company specializing in exchange-traded derivatives. “We are pleased to welcome Ripple as a new clearing member of Nodal Clear,” said Paul Cusenza, chairman and CEO of Nodal Clear.

Access to these products is provided through Hidden Road Partners CIV US LLC, a futures commission merchant (FCM) previously acquired by Ripple. Following the deal, the entity was integrated into the Ripple Prime platform.

Institutional investors gain new trading opportunities

Ripple Prime positions itself as a prime brokerage platform for institutional clients. The service combines clearing, financing, and trading infrastructure across multiple asset classes. According to the company, total transaction volume through the platform exceeded $3 trillion in 2025.

Ripple Prime president Noël Kimmel said the collaboration with Coinbase and Nodal Clear broadens market access for the platform’s clients. “We are pleased to partner with Nodal Clear and Coinbase as we continue to expand our exchange coverage and bring new futures trading opportunities to our clients,” he said.

Coinbase also expects growing interest in regulated crypto futures. “We're pleased to collaborate with Ripple to continue expanding access to Coinbase Derivatives contracts,” said Boris Ilyevsky, head of Coinbase’s U.S. derivatives exchange.

Why derivatives matter for the crypto market

Futures and other derivatives account for a significant share of trading activity in the cryptocurrency market. They allow participants to hedge risks, build advanced trading strategies, and access deep liquidity.

For institutional investors, the regulatory framework is also critical. Platforms operating under CFTC oversight offer a more familiar infrastructure and clearer trading rules.

The deal reflects a broader trend in the crypto market: major companies are working to integrate digital assets into the infrastructure of traditional finance. For institutional investors, this simplifies access to crypto instruments while reducing operational risks.

Read also: Hidden Road connects to DTCC infrastructure through NSCC

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