Ripple to Revolutionize Crypto Trading With Liquidity Hub
Ripple Labs recently unveiled its Liquidity Hub, a new crypto liquidity platform designed for enterprise-level use.
The platform seeks to provide global access to digital asset payout rails from various market makers, exchanges, and over-the-counter trading desks.
It will operate independently while complementing Ripple’s cross-border payments solution, On-Demand Liquidity (ODL).
The Liquidity Hub uses advanced technology to source the best crypto asset rates and eliminates the need for pre-funded capital positions. It supports a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic ( ETC), Litecoin (LTC), and the U.S. Dollar.
Ripple plans to evaluate XRP and other tokens for support within the products, but it will await regulatory clarity in the U.S.
Despite the ongoing SEC v Ripple lawsuit, XRP has attracted increased investor interest. The number of XRP addresses worldwide has surged to 4.6 million, with approximately 1.08 million active addresses, according to crypto analytics firm Santiment.
The Liquidity Hub has raised further excitement about XRP’s future. Its success depends on its interoperability and extensive payout network across multiple asset pairs. While XRP has grown significantly in the past quarter, surging by over 70% since January 1, it has struggled to breach a multi-year resistance at $0.55 due to a massive sell-wall created by short traders.
Market pundits predict that prices could explode as accumulation grows faster than sell-offs, which could escalate as the countdown to the SEC v Ripple ruling continues.
At present, XRP is trading at $0.50, down 2.47% in the past 24 hours, according to CoinMarketCap.