Ripple Taps $9 Billion Perpetual Futures Boom

According to a recent Bloomberg report , Ripple is broadening its reach in the traditional finance space by opening up access to perpetual futures for stocks, commodities, and other traditional assets for institutional investors. Ripple's prime brokerage arm, Ripple Prime, is launching the new service that will give institutions access to over 100 markets, including equities, stock indexes, exchange-traded funds (ETFs), and commodities. The new offerings come at a time of explosive growth in perp contracts on real-world assets, with open interest across several major platforms jumping from near zero to around $9 billion in the last year. Unlike traditional futures contracts, perpetual contracts don't expire, so users can hold leveraged positions without needing to roll them over into new contracts.

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