Ripple, one of the world’s largest cryptocurrency start-ups, announced Tuesday that it would create a service that would allow financial firms to offer their customers the opportunity to buy and sell cryptocurrencies.
The company’s Liquidity Hub service will enable enterprise clients to access digital assets through a variety of sources, including market makers, exchanges, and OTC trading desks.
Ripple Liquidity Hub will address the unique challenges faced by enterprise customers, such as eliminating time-consuming and resource-intensive integrations and eliminating pre-funding requirements to free up working capital.
Clients will be able to trade Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and XRP, Ripple outlined.
Also, the company plans to offer non-fungible tokens in the future.
It is likely that the new crypto service will be completely operational by 2022.
