Ripple Prime Launches Traditional-Asset Perpetual Contracts Linked to Trade.xyz

WHY IT MATTERS

This story is about a well-known crypto company, Ripple, offering a new type of financial product that blends crypto and traditional finance. A "perpetual contract" (or "perp") is like a bet on the future price of an asset — similar to a futures contract — but with no expiration date. Think of it like renting a position on an asset's price rather than buying the asset outright. Traditionally, perps have been used in crypto markets, but Ripple is now applying this concept to traditional assets like stocks or commodities. For newcomers, this is an example of how tools invented in the crypto world are starting to be used in traditional finance, and how the boundaries between the two are becoming less distinct.