Ripple announced plans to launch Liquidity Hub in 2022 to help financial services entities provide clients with the ability to buy and sell securities
Ripple has announced a financial liquidity hub planned for 2022. XRP seeks a fresh rally past the $1 mark at December’s start amid investors’ hopes for upcoming events in 2022 that might impact the price.
The goal of Ripple’s Liquidity Hub, which will launch in 2022, is to help financial services entities provide their customers with the ability to buy and sell cryptocurrencies. The feature will allow corporate clients to access digital assets from a variety of sources, including market makers, exchanges and over-the-counter trading desks, according to the San Francisco-based company.
Second, according to Ripple CEO Brad Garlinghouse, the ongoing Ripple-SEC lawsuit will be resolved in 2022. ”Ripple is seeing pretty good progress despite a slow-moving judicial process,” according to the CEO. The SEC accused Ripple and its officials of selling $1.3 billion worth of tokens in an unregistered securities offering in December 2020.
The price of XRP has improved since Friday’s sell-off, where it hit a low of $ 0.87. The cross-border token is currently trading at $ 1. If the buyers of the discount token exceed $ 1.00, the pending buy orders will be executed and the market makers will provide more liquidity.
