Ripple’s Coinbase Futures Access Move Signals Growing Institutional Momentum

Access to Coinbase Derivatives futures markets widened as Ripple Prime clients gained the ability to trade the full suite of Coinbase Derivatives contracts cleared by Nodal Clear. The access follows Ripple becoming a clearing member and routing trading through its prime brokerage platform.

“We are pleased to partner with Nodal Clear and Coinbase as we continue to expand our exchange coverage and bring new futures trading opportunities to our clients,” Ripple Prime President Noel Kimmel stated in a press release on March 5. The executive added:

“Offering the full suite of Coinbase Derivatives contracts within Ripple Prime’s robust clearing framework underscores our commitment to delivering increased market access and efficiency to institutions globally.”

This expanded access is facilitated through Hidden Road Partners CIV US LLC, the futures commission merchant acquired by Ripple last year. Now known as Ripple Prime, the platform provides multi-asset prime brokerage, clearing, and financing services and cleared more than $3 trillion in 2025.

“We’re pleased to collaborate with Ripple to continue expanding access to Coinbase Derivatives contracts,” Boris Ilyevsky, head of U.S. futures exchange at Coinbase, noted. He emphasized:

Nodal Clear, a derivatives clearing organization regulated by the U.S. Commodity Futures Trading Commission (CFTC), clears transactions for both Nodal Exchange and Coinbase Derivatives Exchange. Chairman and CEO Paul Cusenza said: “We are pleased to welcome Ripple as a new clearing member of Nodal Clear. Through this relationship, Ripple’s clients can now efficiently access the full suite of Coinbase Derivatives contracts, further diversifying the trading opportunities available through our clearing services.”