Bullish and Ripple Prime Integrate Bitcoin Options Trading for Institutional Clients

Ripple Prime is Ripple's institutional multi-asset prime brokerage platform, created through its $1.25 billion acquisition of Hidden Road in 2025. The platform cleared more than $3 trillion in 2025. Adding Bitcoin options allows institutions to hedge risk and trade volatility alongside existing spot and futures services.

Bullish announced an expanded integration with Ripple Prime on April 29, 2026, with the service going live the same day. Institutional clients can trade regulated Bitcoin options directly through their existing subaccounts without additional KYC checks and can use RLUSD as collateral. Bullish said its market ranks second in open interest for crypto-settled Bitcoin options.