"Ripple Prime clients can now trade BTC options on Bullish, marking the first use of RLUSD as collateral for BTC options trading on a regulated U.S. exchange. This integration enhances trading capabilities without requiring additional accounts or KYC processes."
"Bullish has quickly become a significant player in the BTC options market, with open interest surpassing $3 billion, making it the second-largest market after Deribit. This growth underscores the importance of the partnership for Ripple Prime clients."
Ripple Prime's institutional clients can now trade BTC options on Bullish, utilizing RLUSD as collateral. This integration, effective from April 29, expands Ripple Prime's offerings beyond spot, perpetuals, and futures. Clients can trade BTC options without needing additional accounts or KYC processes. Bullish's acceptance of stablecoins as collateral allows direct use of RLUSD for margin. Future cross-venue margin support will enable institutions to manage collateral across multiple exchanges from a single account, optimizing capital usage.
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