Ripple (XRP) has announced its plan to launch the “Liquidity Hub” product that will allow institutional clients to access crypto assets from exchanges, market makers and OTC platforms.
Ripple announced in its blog post that Liquidity Hub will initially support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Cash (ECASH) and XRP. While Ripple plans to add more assets in the future, it also plans to offer functions such as staking.
According to Ripple, Liqudity Hub plans to accelerate the transition to cryptoassets.
Ripple Liquidity Hub will use the smart order method to ensure that digital assets are purchased at the best price. Ripple’s On-Demand Liquidity platform is already leveraging this technology.
The company is also partnering with payment and crypto ATM company Coinme. It is worth noting that Coinme is also working with Wamlart.
Corporate Customers’ Problems Will Be Solved
Ripple aims to solve some of the problems that Liqudity Hub has experienced when its institutional customers buy crypto.