Ripple, a US-based company, has officially launched its cryptocurrency liquidity service called “Ripple Liquidity Hub.”
The service was previously available on a trial basis in partnership with Coinme, but it is now open to all companies seeking to secure the liquidity of their crypto assets. The Liquidity Hub operates 24/7 and allows market makers, exchanges, OTC desks, and other businesses to procure cryptocurrencies at optimal prices. It supports a range of cryptocurrencies, including USD, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and stablecoins USDC and USDT.
The service’s primary benefit is optimizing pricing and liquidity across various cryptocurrency pairs, allowing companies to trade in large volumes and save on costs. It also frees up capital that businesses previously used to raise liquidity, making it available for other parts of their operations. The Liquidity Hub simplifies administration by centralizing access to cryptocurrencies and reduces the impact of asset price volatility with optimal pricing and stability. Moreover, bridging between fiat currency and virtual currency is a major purpose of the Liquidity Hub.
Ripple is currently not handling XRP, its own token, but is considering it along with other issues in the future when it receives a clear position in US regulations. The SEC and Ripple are currently in a lawsuit regarding the XRP securitization, and the trial is expected to conclude in 2023.
