According to CryptoPotato, Ripple Labs has expanded its liquidity hub to Brazil and Australia, as the fintech company behind the popular payments protocol continues to meet the crypto demands of customers. In a blog post, Rippleâs head of liquidity products, Brad Chase, revealed that the expansion comes with several new features and functionalities added to the platform.
Ripple initially launched its liquidity hub in April, aiming to assist financial firms looking to offer crypto trading services by bridging the gap between digital assets and fiat. The hub promotes the mainstream adoption of crypto assets by functioning as a standalone solution that enables businesses to manage their multi-asset liquidity needs. Initially available in select U.S. states, the hub sources cryptocurrencies from platforms like exchanges, over-the-counter desks, and market makers using a smart order routing service.
The Ripple hub lessens the need to pre-fund capital positions to source liquidity across multiple platforms by assembling all major crypto asset pairs in one venue. Alongside the expansion to Brazil and Australia, Ripple introduced liquidity for some new crypto assets on the hub, with plans to add support for other tokens to meet customersâ demands. The company also included new trading UI features and improved service level agreements for crypto deposit processing to enhance customer experience in various segments. Ripple expanded to the new regions due to existing solid connections to its other businesses and the presence of firms looking to adopt crypto to meet their customersâ payments and liquidity needs.
