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Ripple to Roll Out Liquidity Hub supporting Entities Providing Crypto Trading

By | November 11, 2021

Fintech entity Ripple reportedly rolled out a new solution, primarily targeting finance firms via making it possible for them to provide crypto trading to customers. 

Specifically, Ripple reportedly disclosed details regarding the Liquidity Hub service via a blog post on November 9th, hinting at a “crypto-first future” where each firm is required to come up with a strategy dedicated to crypto assets. 

The freshly rolled out service will be catering mainly to its enterprise customers, helping them tap into digital assets from a wide array of providers, nominally exchanges, market makers and over-the-counter trading desks. 

At the moment, it is undergoing its preview stage and will have an official introduction next year.

Liquidity Hub will reportedly offer supporting features for Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and XRP, with availability will be dependent on geographical location. 

The firm further has plans down its pipeline to widen the scope of its  crypto asset offerings to cover other tokens, such as nonfungible tokens (NFTs), for the long run.

RippleNet general manager Asheesh Birla additionally claimed that the entity has reportedly been utilizing this type of crypto sourcing technology to facilitate its On-Demand Liquidity product for around two years. 

“Our customers would want access to the same trusted one-stop-shop for buying, selling, and holding crypto assets that has powered our own extensive work with financial institutions.”

America’s first licensed Bitcoin ATM company, Coinme, is the first partner for the alpha version of Liquidity Hub.

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