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Ripple launches Liquidity Hub

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Fintech, Ripple, has announced plans to launch Liquidity Hub, which will give corporate clients access to global exchanges through market makers and over-the-counter (OTC) platforms.

On November 9, Ripple announced that liquidity hub would initially be supported BTC, ETH, LTC, BCH and XRP. According to Ripple, Liquidity Hub will accelerate the transition to crunchy by developing a platform that supports the efficient purchase of digital currencies.

To this end, the Liquidity Hub will include intelligent order routing to find digital assets at the best price. This technology is currently used by the On-Demand Liquidity platform.

Ripple believes that the Liquidity Hub will solve the problem faced by corporate clients when buying cryptocurrency. For example, long-term and resource-intensive integration using an optimized API. Ashish Birla, CEO of RippleNet, said:

We are well aware of the need for simple and efficient liquidity management. It is now logical that our clients will want access to the same reliable single point of contact for the purchase, sale and storage of products, which is the backbone of our extensive cooperation with financial institutions.

Ripple is launching a new product due to the growing interest in cryptocurrencies, as there is no doubt that institutional investors in particular are behind the current growth in digital assets.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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