Ripple Prime Clients Now Have Access To $BTC Options On Bullish
Bullish has expanded its partnership with Ripple, giving Ripple Prime institutional clients direct access to regulated Bitcoin options markets, with RLUSD as the native settlement asset and no additional KYC required.

@Bullish has expanded its partnership with @Ripple, opening its regulated Bitcoin options market to institutional clients of Ripple Prime. The move adds $BTC options to the suite of products already available to Ripple Prime users, which includes spot, perpetual futures, and dated futures.
Seamless Access, No Extra Friction
For professional trading firms, the integration is designed to be frictionless. The enhanced integration provides Ripple Prime's institutional customers direct access to Bullish's regulated BTC options markets — the second-largest by open interest for crypto-settled Bitcoin options. Crucially, Ripple Prime users can deploy capital instantly through existing sub-account structures with no additional KYC requirements.
The product also adds the Ripple USD ($RLUSD) stablecoin to options trading, allowing clients to collateralize their positions with the stablecoin to gain more flexibility in how they deploy their capital across digital asset markets. Looking ahead, planned cross-venue margin support could improve capital efficiency across exchanges and OTC desks.
Why It Matters for Institutional Markets
The expansion reflects growing demand from institutional players for more sophisticated derivatives tools. Mike Higgins, International CEO at Ripple Prime, framed the move in terms of capital efficiency: "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. 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 echoed that sentiment, pointing to rising institutional appetite for risk management tools: "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."
The integration also reinforces the role of $RLUSD within the broader Ripple ecosystem. By serving as the native settlement asset for all contract executions on Bullish, the stablecoin takes on a more prominent function in institutional derivatives workflows — a signal of Ripple's broader push to position itself as regulated financial infrastructure for the digital asset market.
Sources
Traders Magazine — Bullish Integrates Options Trading with Ripple Prime
CoinGape — Ripple Prime Clients Can Now Trade Bitcoin Options On Bullish With RLUSD
Coinpedia — Bullish Expands Ripple Prime Access to BTC Options Trading for Institutions
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Author
UC holds a bachelor’s degree in Physics and has been a crypto researcher since 2020. UC was a professional writer before entering the cryptocurrency industry, but was drawn to blockchain technology by its high potential. UC has written for the likes of Cryptopolitan, as well as BSCN. He has a wide area of expertise, covering centralized and decentralized finance, as well as altcoins.


