Just-In: Ripple Prime Clients Can Now Trade Bitcoin Options On Bullish With RLUSD

Crypto exchange Bullish has partnered with Ripple. The collaboration aims to provide Ripple Prime clients access to Bitcoin options markets via the RLUSD stablecoin.

Bullish Offers BTC Options Trading For Ripple Prime Clients

The partnership will enable Ripple Prime users to access Bullish’s markets for crypto-settled Bitcoin (BTC) options. The new integration joins the already available products, such as spot, perpetual futures and dated futures. Bullish offers one of the largest options platforms in the world for Bitcoin options with crypto settlement, by open interest.

The product also adds the Ripple USD (RLUSD) stablecoin to options trading after the recent Cardano integration. Clients can collateralize their positions with the stablecoin to gain more flexibility in how they deploy their capital across digital asset markets.

Hence, clients of Ripple Prime can trade these markets with their existing accounts. These firms do not need to complete any additional onboarding or KYC. This streamlines the process and speeds up trading for institutional investors.

Moreover, Ripple and Bullish will also soon offer cross-venue margin. This will allow users to manage their collateral between exchanges and OTC desks.

Important Executive Comments On the Latest Partnership

Mike Higgins, International CEO at Ripple Prime, described the importance of deeper derivatives access. He said, “Bullish and Ripple Prime have been longtime partners, offering Ripple’s institutional clients access to robust derivatives markets as traditional and digital asset markets become increasingly interconnected.” Higgins added:

“The ability for institutional clients to cross-margin across multiple types of venues for their options trading only strengthens the depth of participation, optimizing capital efficiency while facing a regulated and well-capitalized counterparty in Ripple Prime.”

Bullish Exchange President Chris Tyrer cited increased institutional interest in derivatives. “Institutional demand for crypto derivatives is growing, and having access to options is central for sophisticated investors looking to manage risk more precisely across their digital asset portfolios,” he said.

Tyrer added, “I’m delighted to expand our integration with Ripple Prime, giving their established network of institutional investors a trusted, regulated pathway to trade options alongside our existing offerings.”

For context, Ripple Prime continues to be one of the world’s largest non-bank prime brokers. It provides brokerage, clearing and financing across a range of asset classes. It cleared over $3 trillion in 2025, and is a major player in institutional markets.

Earlier, Ripple partnered with K-Bank in South Korea to for blockchain payments trials.

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