Ripple Prime has been involved as a clearing and financing partner from day one in CME Group’s recently launched 24/7 crypto futures and options market. CME Group, one of the world’s largest derivatives exchanges, expanded its trading hours in crypto derivative products on May 29, offering uninterrupted access to the market.
$50 million volume in first weekend
According to CME data, more than 7,200 contracts changed hands in the first week of uninterrupted trading. The total nominal value of these transactions reached 50 million dollars. It was stated that the liquidity in question was created with the participation of both individual and institutional investors.
This structure is seen as especially critical for corporate customers who transact outside of traditional banking hours. It was stated that CME needed an infrastructure that works uninterruptedly on the clearing, collateral management and financing side in order to continue transactions on weekends and off-duty hours, and at this point Ripple Prime came into play as a Futures Commission Merchant.
Ripple Prime President Noel Kimmel said the company’s infrastructure was built specifically to meet the demand for digital asset management around the clock.
The role of infrastructure in corporate transactions came to the fore
When corporate customers make transactions on the CME Globex platform over the weekend, the reconciliation of these transactions is carried out through the Ripple Prime infrastructure. It is stated that without such a system, traditional clearing processes may pause, which may create a liquidity gap between the stock market and corporate balance sheets.
Ripple Prime is known as the rebranding of Hidden Road, the brokerage firm acquired by Ripple. The company offers corporate market infrastructure and brokerage services.
Rapid growth in XRP futures
CME Group launched XRP futures contracts in May 2025. It was noted that the first block transaction took place on Sunday, May 18, and the clearing of this transaction was made by Hidden Road. Later, the company began operating under the name Ripple Prime.
According to the data in the news, XRP futures became the fastest contracts to reach an open position of $ 1 billion in CME history. It was stated that this threshold was exceeded in just three months. This chart indicates that institutional interest in XRP-related derivative products has increased significantly.
With CME expanding trading hours, weekend liquidity in the crypto derivatives market is expected to become more visible. The role played by Ripple Prime stands out in terms of the continuity of clearing and collateral processes, especially in XRP-related products.
