US Ripple Officially Launches Cryptocurrency Liquidity Service

1 year ago 75

Full-scale launch of “Ripple Liquidity Hub”

Ripple announced on the 14th that it has officially launched the service “Ripple Liquidity Hub” for companies to secure the liquidity of crypto assets (virtual currencies).

Seamlessly bridge traditional fiat systems with the new world of crypto.

Find out how your business can unlock immediate, real-world value through crypto and blockchain with Ripple Liquidity Hub. https://t.co/SIsLDnXF4I pic.twitter.com/xlmeW2l7eA

— Ripple (@Ripple) April 14, 2023

Until now, it has been operated on a trial basis in partnership with Coinme, a company that provides a service that allows you to buy and sell virtual currencies with fiat currency, but this time it will be an official launch for companies in general.

connection: Ripple to launch new cryptocurrency service for businesses

Assets handled

Liquidity Hub is available 24/7. Market makers, exchanges, OTC (over-the-counter) desks, and other exchanges that require liquidity can procure cryptocurrencies at optimal prices.

Liquidity pools offered by multiple providers allow businesses to access liquidity when they need it. It handles USD, Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), Litecoin (LTC), and stablecoins USDC and USDT.

The token XRP provided by Ripple is not currently a target issue, but we are considering handling it along with other issues in the future. Ripple said:

We would like to handle XRP when it is given a clear position in US regulations.

Both the SEC and Ripple just filed their final documents in December last year regarding the XRP securitization lawsuit. Brad Garlinghouse, CEO of Ripple, said he expects the trial to come to a conclusion in 2023.

connection: Ripple CEO “XRP lawsuit is expected to be concluded in 2023”

What is liquidity

In financial markets, it generally refers to the degree to which assets such as cryptocurrencies and stocks can be sold or exchanged instantly. For example, in a decentralized exchange (DEX), while there are investors who trade, in order to realize the trade, they deposit their own virtual currency in the DEX behind the scenes and liquidity is provided so that investors can buy and sell without delay. There are users who provide

Cryptocurrency Glossary

Advantages of “Ripple Liquidity Hub”

As a benefit of using the “Ripple Liquidity Hub”, Ripple first optimizes pricing and liquidity across various cryptocurrency pairs, realizing significant cost savings when companies trade in large volumes. They say they can.

It also frees up the company’s capital, which it used to raise liquidity and other things, so that it can be used for other parts of the business. Other benefits include: