Despite the US Securities and Exchange Commission filed a lawsuit against XRP, Ripple still activates its liquidity center – News Bitcoin News
In ongoing litigation with the U.S. Securities and Exchange Commission (SEC) on related issues Ripple, Ripple is launching a new product Liquidity Hub, which aims to become “a one-stop shop for companies to purchase any tokenized assets.” The product “will allow customers to seamlessly access encrypted assets from a variety of global venues, including market makers, exchanges, over-the-counter trading desks, and future decentralized venues,” the company detailed.
Ripple Liquidity Hub allows customers to “seamlessly access crypto assets from various global venues”
Ripple announced on Tuesday that it will launch a new product called “Ripple Liquidity Hub”. The announcement explained:
Ripple Liquidity Hub will allow customers to seamlessly access encrypted assets from a variety of global venues, including market makers, exchanges, over-the-counter trading desks, and future decentralized venues.
Asheesh Birla, general manager of Ripple, explained that the new product aims to become “a one-stop shop for companies to purchase any tokenized assets.”
Ripple Liquidity Hub is expected to be launched in 2022. “The product will support turnkey integration and smart order routing to purchase digital assets at optimized prices, allowing customers to easily buy, sell and hold encrypted assets,” Ripple explained.
Initially, the platform will “support Bitcoin, Ethereum, LTC, and many more, Bitcoin cash with Ripple (Availability will vary by region) and plans to expand to more tokenized assets,” the company added, noting that “Ripple plans to add other features in the future, such as supporting staking and generating revenue. “
The announcement stated that Ripple has used Liquidity Hub internally for nearly two years, “as part of its on-demand liquidity (ODL) product for internal liquidity management, powering millions of transactions worth billions of dollars.”
Ripple’s first partner to use the product is the cryptocurrency-to-cash network Coinme. “Initially, Coinme will utilize Liquidity Hub’s underlying technology platform and plans to unlock other features when available,” Ripple explained in detail.
At the time of the announcement of the product announcement, Ripple continued its legal battle with the U.S. Securities and Exchange Commission (SEC).The securities regulator sued Ripple Labs, its CEO Brad Garlinghouse and co-founder Christian Larsen, who allegedly passed Ripple The committee considered this to be an unregistered securities issue. Ripple and its executives are fighting the lawsuit, insisting that Ripple Not a security.
In the lawsuit with the US Securities and Exchange Commission, what do you think of Ripple’s launch of Liquidity Hub? Let us know in the comments section below.
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