Ripple Prime clients can now trade Coinbase Derivatives contracts via Nodal Clear, covering Bitcoin, Ethereum, Solana, and XRP futures in a CFTC-regulated environment.
Ripple and Nodal Clear put out a joint announcement on March 5. Ripple Prime clients now have full access to Coinbase Derivatives contracts. That means institutional traders get Bitcoin, Ethereum, Solana, and XRP futures all in one place.
The move runs through Hidden Road Partners CIV US LLC. Ripple bought that firm last year and rebranded it as Ripple Prime. The platform cleared over $3 trillion in notional volume in 2025 alone.
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What Institutions Actually Get Here
The contract lineup covers nano Bitcoin (BIT) and nano Ethereum (ET) futures. There are also institutional and nano-sized contracts for Solana and XRP. All of it trades 24/7 inside a CFTC-regulated environment.
Coin Bureau on X broke the news quickly. As Coin Bureau tweeted on X, institutional clients on Ripple Prime can now trade crypto futures listed on Coinbase Derivatives, covering Bitcoin, Ethereum, Solana, and XRP as Ripple expands its institutional brokerage.
Noel Kimmel, President of Ripple Prime, said the firm continues to expand exchange coverage and bring new futures trading opportunities to clients. Offering the complete suite of Coinbase Derivatives contracts within Ripple Prime’s clearing setup is central to delivering increased market access and efficiency to institutions globally, Kimmel noted in the official announcement.
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The Clearing Piece Nobody Is Talking About
Nodal Clear sits at the center of this. It is a Derivatives Clearing Organization regulated by the CFTC. The clearinghouse steps in as buyer to every seller and seller to every buyer. That removes direct counterparty exposure for every participant.
Paul Cusenza, Chairman and CEO of Nodal Clear, said the firm was pleased to welcome Ripple as a new clearing member. Through the relationship, Ripple’s clients can now efficiently access Coinbase’s full contract suite while diversifying the trading opportunities available through Nodal Clear’s services, Cusenza added.
Boris Ilyevsky, Head of U.S. Futures Exchange at Coinbase, said demand for regulated crypto futures keeps growing. He pointed to deep liquidity, innovative contract design, and round-the-clock trading within a secure CFTC framework as what this collaboration brings to a broader range of market participants.
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Why the CFTC Layer Matters Right Now
Coinbase Derivatives is a Designated Contract Market under the Commodity Exchange Act. That regulatory status is not incidental. Institutions running risk programs need that classification to deploy capital into futures with confidence.
The CFTC has been pushing for clearer crypto market structure. The CFTC chief has urged Congress to quickly pass the CLARITY Act, per recent coverage. Ripple’s move fits squarely inside that regulatory push.
Ripple has been building its institutional stack since 2012. The Hidden Road acquisition last year was a direct move into prime brokerage. This Coinbase Derivatives access is what that acquisition was designed to deliver.
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The platform now covers multiple asset classes. Institutions get precise risk management tools. Global market access runs without time restrictions. And XRP futures are sitting right alongside Bitcoin and Ethereum in that contract list.
