Ripple has announced that Ripple Prime, its institutional prime brokerage platform, now supports Hyperliquid, a fast-growing on-chain derivatives venue.
At first glance, the headline looks broadly bullish for Ripple’s ecosystem. But a closer look shows the benefits are unevenly distributed: the deal is structurally positive for Hyperliquid and its HYPE token, while the impact on XRP is limited.
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