Ripple plans to launch liquidity hub to allow access for six cryptos

Fintech firm Ripple (XRP-USD) reveals plans for Ripple Liquidity Hub, a new way for businesses to source digital assets from the broader crypto market, the company says in a blog post. Ripple Liquidity Hub will initially support Bitcoin (BTC-USD), Ethereum (ETH-USD), Litecoin (LTC-USD), Ethereum Classic (ETC-USD), Bitcoin Cash (BCH-USD) and Ripple (XRP-USD) to allow for greater competition and inclusion in the crypto world. The company says it plans to add additional digital assets over time, and in the future it plans to add staking and yield generating functionalities. The hub will leverage smart order routing to source digital assets at optimized prices from market makers, exchanges and over-the-counter desks. The liquidity service will go live in early 2022, Asheesh Birla, RippleNet general manager, told CoinDesk. Ripple's native token, Ripple (XRP-USD), slightly declines by 0.3% intra-day, though Bitcoin (BTC-USD) rises 0.9%.