Ripple has announced a special new service to finance companies that will allow offering cryptocurrency trading to their clients.
The San Francisco-based company unveiled the Liquidity Hub service in a blog post on Nov. 9, touting a ‘crypto-first future’ where every company needs to have a strategy for crypto assets.
The new service will target its enterprise customers, access to digital assets from various providers such as exchanges, market makers and other financial institutions. The feature is currently still in the preview stage and will launch in 2022.
Liquidity Hub will use smart order routing to find digital assets at the best prices, according to the announcement. The first partner for this new service was Coinme.
For starters, Liquidity Hub will support Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash and XRP. However, the company also hopes to offer digital assets like NFT in the future.
Ripple executive Asheesh Birla said the latest offer was made in response to customers asking if the firm could give them and customers access to other cryptocurrencies.
XRP showed no significant reaction following this announcement, seeing the asset trade around $ 1.24 at the time this article was written.
