Ripple, one of the largest blockchain-based payments companies in the USA, has taken a step especially for institutional investors.
Financial technology company Ripple has officially announced its new platform called “Liquidity Hub”. It is emphasized that the platform in question will enable institutional investors to reach various cryptocurrencies, market makers and OTC platforms.
Global #crypto liquidity is able to support massive payments at scale – it’s the lifeblood of crypto.
Ripple Liquidity Hub will allow enterprises to source, trade, move and manage value from a variety of liquidity venues.
Coming 2022.#RippleSwellhttps://t.co/wxenpTfCIH pic.twitter.com/sMUb1kDXZZ
— Ripple (@Ripple) November 9, 2021
In the post published on November 9, it was emphasized that Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Cash and XRP will be supported initially.
Although it is stated that more cryptocurrencies will be supported in the future, for now, the liquidity of many crypto currency exchanges will be offered to institutional investors on a single platform.
Ripple Targets the Institutional Investor
It is stated that Ripple’s Liquidity Hub platform will also offer different features such as staking and so on. Ripple believes that the Liquidity Hub product will enable institutional investors to buy cryptocurrency more effectively and increase mainstream adoption.
In fact, this may be the reason why the XRP price has seen a serious increase this week. XRP gained 11% in 7 days and hit $1.25.
As of the moment, XRP, which has been falling on the last 1-hour chart, may actually have dropped with the emergence of this news. While the expectation of a news in the crypto money sector causes a price increase, the emergence of the news usually results in the punctuation of the rise. The fact that Ripple announced this news may have caused exactly this.
*Not Investment Advice.