{"id":27076,"date":"2026-04-29T18:54:03","date_gmt":"2026-04-29T18:54:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ripple-prime-to-plug-into-bullish-bitcoin-options-as-okx-backs-rlusd\/"},"modified":"2026-04-29T18:54:22","modified_gmt":"2026-04-29T18:54:22","slug":"ripple-prime-to-plug-into-bullish-bitcoin-options-as-okx-backs-rlusd","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ripple-prime-to-plug-into-bullish-bitcoin-options-as-okx-backs-rlusd\/","title":{"rendered":"Ripple Prime to plug into Bullish Bitcoin options as OKX backs RLUSD"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ripple Prime will route clients into Bullish\u2019s regulated BTC options while Ripple and OKX push RLUSD into compliant markets, extending Ripple\u2019s $1.25b prime\u2011broker bet.<\/p>\n<div id=\"cn-block-summary-block_eb61f02843b61440dfab5549d3a69729\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ripple is expanding its partnership with Bullish to give Ripple Prime clients direct access to Bullish\u2019s regulated Bitcoin options market.<\/li>\n<li>Bullish says its Bitcoin options venue is the world\u2019s second-largest crypto\u2011settled BTC options market by open interest.<\/li>\n<li>Ripple and OKX are also partnering to bring RLUSD to compliant markets, as Ripple Prime scales institutional brokerage after a $1.25 billion prime\u2011broker acquisition.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ripple has expanded its institutional derivatives push, announcing that Ripple Prime will connect directly to Bullish\u2019s Bitcoin (BTC) options market, opening regulated BTC options access to its institutional client base.<\/p>\n<p>According to the announcement from both parties, this integration will allow Ripple Prime users to directly access Bullish\u2019s regulated BTC options market, which Bullish describes as \u201cthe second largest cryptocurrency\u2011settlement Bitcoin options market in the world by open interest\u201d and one that already supports spot, perpetual contracts and dated futures.<\/p>\n<p>The move deepens a long\u2011running partnership between the two firms and comes as Bullish, listed on the NYSE under the ticker BLSH, continues to position itself as an institution\u2011first venue focused on Bitcoin and Ethereum liquidity after reporting $80.5 billion in monthly trading volume in October 2025.<\/p>\n<h2 class=\"wp-block-heading\" id=\"ripple-prime-scales-after-125b-primebroker-bet\">Ripple Prime scales after $1.25b prime\u2011broker bet<\/h2>\n<p>In addition, both parties revealed that\u00a0<a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.okx.com\/\">OKX<\/a>\u00a0has reached a strategic partnership with Ripple to introduce the stablecoin RLUSD (Ripple USD) in compliant markets, with RLUSD now live on OKX for spot trading across more than 280 pairs and usable as institutional\u2011grade margin collateral for derivatives.<\/p>\n<p>Ripple Prime, as one of the largest non\u2011bank prime brokers globally, has exceeded a clearing scale of $30 trillion in 2025 and can provide multi\u2011asset brokerage, clearing, and financing services, building on Ripple\u2019s $1.25 billion acquisition of multi\u2011asset prime broker Hidden Road that made it, in Ripple\u2019s words, \u201cthe first crypto company to own and operate a global, multi\u2011asset prime broker.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>In an earlier\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/crypto-firm-ripple-buy-prime-broker-hidden-road-125-billion-2025-04-08\/\">Reuters<\/a>\u00a0report, Ripple said the Hidden Road deal would help create a \u201cone\u2011stop\u2011shop\u201d for institutional clients across foreign exchange, digital assets, derivatives, swaps and fixed income, while a follow\u2011up\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260429310890\/en\/Ripple-and-OKX-Partner-to-Expand-RLUSD-Access-and-Global-Liquidity\">BusinessWire<\/a>\u00a0release emphasized that RLUSD is intended as \u201centerprise\u2011grade\u201d collateral across that stack.<\/p>\n<p>For crypto traders, the tie\u2011up between Ripple Prime and Bullish folds a large BTC options venue into a rapidly scaling prime\u2011broker platform just as macro uncertainty keeps demand high for hedging and basis trades, echoing themes raised in a recent crypto.news\u00a0story\u00a0on how rate\u2011cut delays are reshaping institutional risk\u2011taking.<\/p>\n<p>The RLUSD expansion also builds on wider Middle East and Strait of Hormuz coverage from crypto.news, where prior\u00a0stories\u00a0have tracked how geopolitical chokepoints and energy costs feed back into liquidity conditions for assets such as\u00a0Bitcoin\u00a0and\u00a0XRP (XRP), dynamics institutional desks on Ripple Prime and Bullish will now be able to express more precisely through BTC options and stablecoin\u2011collateralized derivatives.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Prime will route clients into Bullish\u2019s regulated BTC options while Ripple and OKX push RLUSD into compliant markets, extending Ripple\u2019s $1.25b prime\u2011broker bet. Summary Ripple is expanding its partnership&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27076"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27076\/revisions"}],"predecessor-version":[{"id":27077,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27076\/revisions\/27077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4512"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}