Ripple announced on May 19 that Ripple Prime has completed its integration with EDX Markets and EDXM International. Institutional clients can access EDX’s digital asset spot trading and perpetual futures liquidity through EDX’s global multi-asset prime brokerage platform via a single entry point. This integration is intended to help institutions manage fragmented liquidity and counterparty risk.
Integration Architecture: Unified Access to EDX Markets Spot and EDXM International Perpetual Futures
According to a Ripple announcement, EDX Markets operates the spot trading venue, while EDXM International provides perpetual futures trading. Ripple Prime’s integration combines the two venues into a single institutional brokerage channel. It supports margin, settlement, and collateral workflows within the same platform, so clients do not need to manage two separate counterparty relationships. EDX’s services are positioned using traditional finance as a market structure blueprint, designed specifically for professional market participants.
Ripple Prime’s Chief Executive Officer Michael Higgins said: “EDX has an institutional-grade level, providing the performance, reliability, and depth our clients expect. We’re excited to enable seamless access to its market-structure framework for clients through Ripple Prime’s capital-efficient framework.”
RLUSD Integration Plan: Future Outlook for Settlement and Collateral Layers
Ripple said the partnership lays the groundwork for RLUSD to become EDX’s settlement and collateral asset. The planned integration will allow clients to pay and receive margin using a regulated, compliant, and USD-pegged digital asset, supporting cross-collateral workflows for spot Crypto and perpetual futures trading. Ripple did not disclose a specific timeline for the RLUSD integration, and the related plans have not been officially launched yet.
EDX Markets’ products are only available to institutional investors in the United States and other specific jurisdictions; EDXM International does not provide products or services to individuals or entities in the United States, the European Union, or the United Kingdom.
FAQ
What core features do institutional clients get after the Ripple Prime and EDX integration?
After the integration, Ripple Prime clients can access both EDX Markets’ spot trading venue and EDXM International’s perpetual futures exchange through a single entry point. Within the same platform, they can complete trading, credit intermediation, net settlement, and collateral management without managing multiple separate counterparty relationships.
What is RLUSD’s role in this integration, and what is its current status?
The planned RLUSD integration will make RLUSD EDX’s settlement and collateral asset, allowing clients to pay and receive margin with regulated USD stablecoins and supporting cross-collateral workflows for spot and perpetual futures. Ripple has not disclosed the specific integration timeline; it is currently in the planning stage.
Is EDXM International’s service available to institutions in all regions?
EDXM International explicitly does not provide products or services to individuals or entities in the United States, the European Union, or the United Kingdom. EDX Markets’ spot trading venue is only available to institutions in the United States and other specific jurisdictions; eligibility will be subject to official announcements.
