On June 1, as CME Group launched regulated cryptocurrency futures and options trading, Ripple emphasized institutional demand, with Ripple Prime serving as the first-day clearing and financing partner. The company stated that this launch provides professional traders with ongoing access to regulated cryptocurrency derivatives, helping to integrate traditional infrastructure with the ongoing market activity of cryptocurrencies. CME Group's brand-new 24/7 trading schedule enables institutions to trade cryptocurrency futures and options outside of traditional trading hours. Ripple Prime (formerly Hidden Road) is responsible for the clearing and financing business launched this time. As a futures commission provider (FCM), Ripple Prime supports institutions in operating efficiently in continuous trading markets by providing the necessary clearing and financing infrastructure. Mike Higgins, CEO of Ripple Prime International, emphasized on the X platform: