XRP Gains as Bullish & Ripple Launch BTC Options for Institutions
Bullish, one of the top digital asset platforms for institutions, announced today, April 29, 2026, on social media platform X, that it has partnered with Ripple Prime. With this development, institutional clients will be able to trade Bitcoin (BTC) options directly and this is being considered as a big step for managing risks in crypto markets.
1/ Bullish options markets are now live for institutional clients of @Ripple Prime, giving direct access to Bullish’s BTC options alongside existing access to spot, perpetuals and dated futures.
Trading is available via existing sub-accounts with no additional KYC requirements.
— Bullish (@Bullish) April 29, 2026
According to the announcement on X, no extra paperwork or checks are needed, the users will just have to use their existing accounts.
Easy Access to Bullish’s BTC Options Markets
Bullish’s partnership with Ripple now includes options trading for Ripple Prime users. Ripple Prime is Ripple’s service for global multi-asset prime brokerage.
Institutional customers get straight access to Bullish’s regulated BTC options. These are the second-largest by open interest for crypto-settled Bitcoin options. This adds to what they (Ripple Prime) has, spot trading, perpetuals and dated futures.
Users can also trade using stablecoins such as Ripple’s USD (RLUSD). Capital moves instantly through the user’s current sub-accounts. There is no need for additional KYC (know your customer) to be carried out. Soon, cross-venue margin will let the user share collateral across exchanges and OTC desks. This move will push capital efficiency for institutions.
Why Options Matter for Big Investors
Options help sophisticated investors handle risks better in their digital asset portfolios. “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,” said Chris Tyrer, President of Bullish Exchange.
The President of Bullish Exchange is even excited to grow the tie-up with Ripple Prime. It gives their network of big investors a safe, regulated way to trade options. This fits alongside Bullish’s other products.
Ripple Prime is a major non-bank prime broker worldwide. In 2025, it cleared more than $3 trillion. This Bullish link widens its digital assets menu and is opening new options markets to its clients.
Ripple Prime’s Strengths in the Market
“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,” said Mike Higgins, International CEO at Ripple Prime. “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.”
Cross-margining for options across venues deepens trading. It optimizes capital while dealing with a regulated, solid partner like Ripple Prime.
RLUSD Hits OKX Exchange
In related news, Ripple USD (RLUSD) launched on OKX today. OKX is one of the world’s top exchanges. Users can now trade more than 280 RLUSD pairs.
$RLUSD is now on @OKX, one of the world’s leading exchanges.
Starting today, users can trade across 280+ RLUSD pairs, use $RLUSD as collateral, and access full XRPL deposit and withdrawal support.
We sat down with @jasonklau to discuss what this milestone means for stablecoin… pic.twitter.com/ApQVmEwfMe
— Ripple (@Ripple) April 29, 2026
Users can use RLUSD as collateral too. Full XRPL deposit and withdrawal support is live. This milestone pushes stablecoin use, institutional liquidity, and finance’s future. Ripple sat down with Jason Klau to chat about it. He highlights RLUSD’s role in wider adoption.
XRP’s Steady Climb
As soon as this news broke out, the price of the token did observe an uptick. At press time, the price of the XRP token stands at $1.39 with an uptick of 0.93% in the last 24-hours as per CoinMarketCap.
These updates also show that Ripple and partners are building stronger tools for institutions. They mix traditional finance with crypto seamlessly. With this development, it can be said that more efficiency and options for pros trading BTC and beyond can be expected.
Also Read: SHIB Drops 2.2% Amid Risk-Off Despite Wallet Growth and OI Surge
