Ripple Broadens Institutional DeFi Access With Hyperliquid Integration

Group 1 - Hyperliquid, a fast-growing decentralized exchange (DEX), is expected to attract new users following Ripple's announcement of support through its institutional prime brokerage platform [1] - The Ripple Prime integration enables institutional clients to access on-chain derivatives liquidity while cross-margining their DeFi positions with various asset classes, including crypto and foreign exchange [2] - Ripple Prime International CEO Michael Higgins stated that this strategic extension into DeFi will enhance liquidity access for clients, providing the efficiency and innovation demanded by institutional clients [3] Group 2 - Hyperliquid has evolved by adding perpetual futures markets for assets like gold, silver, and copper, leading to increased trading activity and significant liquidations amid market volatility [4] - The platform is planning to introduce "outcome trading" to tap into the growing prediction markets [4] - The price of HYPE has increased nearly 33% over the last month, while XRP has seen a decline of 20% over the past week due to a broader crypto market downturn [5]