Ripple Launches Crypto Liquidity Hub to Help Customers Buy, Sell, and Hold Assets


Ripple, the popular provider of blockchain and cryptocurrency solutions for businesses, as well as the creators of the XRP token, have announced a new service aimed at financial companies giving them the ability to offer their customers the ability to trade cryptocurrencies. Ripple Liquidity Hub, as it’s called, will enable customers to seamlessly access crypto assets from a variety of global locations, including market makers, exchanges, over-the-counter (OTC) desks, and in the future, decentralized locations . The “Liquidity Hub” is scheduled to start sometime in 2022.

“The product will support turnkey integration and intelligent order routing to source digital assets at optimized prices and enable customers to easily buy, sell and hold crypto assets,” said Ripple.

Initially, the platform will support cryptocurrencies such as Bitcoin, Ether, Litecoin, Ethereum Classic, Bitcoin Cash and XRP, which are the native asset of the Ripple blockchain. It is planned to expand to other tokenized assets in due course. “In the future, Ripple plans to add additional features such as support for staking and revenue generation functions,” the company stated in a statement.

The announcement notes that Ripple has now been using the Liquidity Hub internally for nearly two years “for internal liquidity management as part of its On-Demand Liquidity (ODL) product that powers billions of dollars of transactions worth billions of dollars.” Ripple ODL is a service that enables banks, market participants and other financial institutions to make cross-border payments using XRP.

Ripple’s first partner to use the product is the digital currency exchange and crypto-to-cash network Coinme. “Initially, Coinme will leverage Liquidity Hub’s underlying technology platform, with plans to unlock additional features as they become available,” said Ripple.

The announcement of the launch of Ripple’s Liquidity Hub comes at a time when Ripple is still grappling with a lawsuit with the US Securities and Exchange Commission. Securities regulators sued Ripple Labs, its CEO Brad Garlinghouse and co-founder Chris Larsen for allegedly raising more than $ 1.3 billion (approximately Rs.9,675 billion) through XRP, which the commission considers to be an unregistered securities offering.

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