Ripple launches Liquidity Hub enabling institutional access to XRP, Bitcoin, Ethereum, and Litecoin


  • Ripple's Liquidity Hub is a crypto liquidity platform that provides end customers with the ability to buy, sell and hold digital assets at competitive prices.
  • The technology used in the new product is the same as Ripple's two-year-old On-Demand Liquidity (ODL) platform.
  • Analysts have a bullish outlook on XRP price, set a target of $18 for the altcoin based on previous cycle highs.

Ripple's new product is focused on enhancing BTC, ETH, LTC, ETC and XRP liquidity for enterprises. The platform will source digital assets from market makers, exchanges and OTC desks. 

Ripple announces plans to launch Liquidity Hub in 2022

Ripple's Liquidity Hub is a solution for enterprises that will enable customers to buy, sell and hold Bitcoin Cash (BCH), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic (ETC). 

Ripple's announcement reads:

Mainstream crypto requires engagement from financial institutions. While there are many exchanges supporting liquidity through the consumer trading of digital assets, a true crypto-first world will remain elusive without enterprise participation.

With a rise in the number of projects that require users to leverage crypto, tokenized assets and transfer value, Ripple's new solution is key to offering liquidity to power seamless and affordable access to digital assets for institutions and enterprises. 

Ripple recognizes this as a "crypto-first" approach and offers a turnkey solution to financial institutions. The Liquidity Hub will leverage smart order routing to source BTC, ETH, ETC, LTC and XRP from market makers, exchanges and OTC desks at optimized prices.

The emphasis is on "best possible prices" offered to customers on crypto platforms. The Liquidity Hub tackles the challenge of long and resource-heavy integrations and eliminates pre-funding requirements, freeing up working capital for the enterprise. 

The technology used is the same as Ripple's ODL platform. 

Asheesh Birla, RippleNet General Manager, said,

We know full-well the need for easy and efficient liquidity management. Crypto and financial institutions are embedded in our DNA. So, it makes perfect sense that as they prepare for a crypto-first world, our customers would want access to the same trusted one-stop-shop for buying, selling and holding crypto assets that has powered our own extensive work with financial institutions.

Analysts have evaluated the XRP price trend and compared it to the previous cycle highs. Gert van Lagen, a cryptocurrency analyst, has compared XRP's blow-off tops 2013, 2017 and 2021. Based on his analysis, the target for XRP price at the end of 2021 is $18. 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin struggles against resistance as bulls keep their eye on $40,000

Bitcoin price action faced intense selling pressure after the Fed’s decision, with Bitcoin losing more than 5% from its Wednesday high. If the sell-off from the top wasn’t discouraging enough for bulls, then the daily close in the red certainly added insult to injury. 

More Bitcoin news

Crypto.com bulls maintain tentative support zone as CRO bulls target $0.50

Crypto.com price continues to face challenges above the $0.40 price level. Strong selling against the Tenkan-Sen at $0.40 tests buyers' conviction – failure to break above the Tenkan-Sen signals continued weakness.

More Crypto.com news

Polkadot price develops support to return to $30

Polkadot price is holding, so far, the $20 value area as its primary support zone. The recent downtrend and sell-off in the cryptocurrency market has positioned DOT in a strong support zone and one that will likely create the bottom it needs to pursue its next uptrend.

More Polkadot news

Ripple buys back $200 million worth of shares, set to go public at the end of the lawsuit

Ripple bought back $200 million worth of Series C shares from its lead investor, a UK-based investor firm. The payments giant strengthened its balance sheet, set to go public at the end of the SEC vs. Ripple lawsuit.

More Ripple news

Bitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

Read full analysis

BTC

ETH

XRP