Ripple Launches Enterprise Marketplace

Fintech firm Ripple has announced plans to launch a "Liquidity Hub" product that will allowCorporate Clientsaccess cryptocurrencies on global exchanges using market makers and over-the-counter (OTC) platforms.

On November 9, the Ripple blog reported that at firstLiquidity Hub will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Cash and XRP. In the future, additional digital currencies will be rolled out with staking and yield enhancement functions.

According to Ripple, Liquidity Hub will accelerate the transition to cryptocurrencies by developing a platform that supports the efficient purchase of digital currencies.

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

В Ripple считают, что Liquidity Hub решит problems faced by corporate clients when purchasing cryptocurrencies. For example, long-term and resource-intensive integration using an optimized API.

We are well aware of the need for simple and effective liquidity management. Cryptocurrency and financial institutions are embedded in our DNA.

 

Thus, it is only logical that our clientswill want access to the same reliable one-stop shop for buying, selling and storing cryptoassets, which is the backbone of our extensive work with financial institutions, said Ashish Birla, CEO of RippleNet.

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

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