Ripple Prime now supports trading gold, silver, and oil on-chain through its Hyperliquid integration, using HIP-3 symbols. This marks the first time institutional traders can access these commodities as perpetuals on the platform.
Ripple Prime, led by CEO Michael Higgins, is now offering institutions the ability to trade commodity perpetuals around the clock. This is done through a streamlined system that combines the benefits of traditional finance (TradFi) and decentralized finance (DeFi), offering a single point of access for trading, margin management, risk control, and counterparty interaction.
Why Now: The Iran War Changed Everything
The timing works out great.
Because the major oil exchange, CME, is closed on weekends, traders previously had no way to immediately protect themselves from oil price drops. The conflict in Iran highlighted this issue, and Hyperliquid stepped in to provide continuous, 24/7 oil pricing, even during times of increased tension and uncertainty regarding shipping routes.
Ripple Prime is now routing institutions directly into that infrastructure.
The Numbers Behind the Move
This is not a bet on future demand. The demand is already there.
Trading volume for HIP-3 reached $2.3 billion on Monday, with open interest currently at $1.99 billion. While Hyperliquid hosts 30 popular markets, most aren’t cryptocurrencies – they’re commodities and stocks. Oil trading was particularly active, with open interest in WTI contracts nearing $300 million and daily volume exceeding $674 million during the recent increase in tension surrounding the Iran conflict.
What It Means for XRP and HYPE
Both tokens have a direct stake in this expansion.
Increased trading activity from larger investors is boosting performance across the HIP-3 markets for HYPE. Previously, HYPE saw a 24% increase when daily silver trading volume surpassed $1.25 billion. Currently, HYPE is trading at $35.91, down 5.51% over the last day – a market trend that hasn’t fully reflected this positive development yet.
Ripple is expanding its services for institutions with deeper integration of XRP. This allows them to combine XRP holdings with other assets, like commodities, for more flexible trading. Currently, XRP is trading at $1.31, which is a 2.62% decrease from yesterday.
Real-world asset tokenization is gaining serious traction with the involvement of established institutions. This is being driven by unexpected global events, which are ironically becoming the biggest force behind crypto infrastructure development, creating actual trading activity and demand.
Read More
- Nevada Slaps Kalshi with 14-Day TRO-Prediction Markets in Jeopardy!
- Winklevoss Twins’ Gemini: A Tale of Crypto, Chaos, and Corporate Capers!
- 🤑 Crypto ATM Scams: Will Senators Save Grandma’s Fortune? 🕵️♂️
- 65% of Crypto Traders Earn Yield-But Who’s Counting?
- A Stablecoin Scandal: Senators Dance Around the Truth While Crypto Dreams of Regulation
- Fiat’s Funeral March
- Bitcoin’s Wild Ride: Will It Crash or Soar? Find Out Now! 🚀💰
- Ethereum’s DeFi Bet: Putting All ETHs in the Morpho Basket
- EUR INR PREDICTION
- UK Cracks Down on Crypto Exchange with a Side of Fake IDs and Big Military Money
2026-03-31 14:22