Liquid to Launch XRP Margin Trading and Lending On Their Platform This Week

Liquid is the home of a crypto market and a trading interface from their website. One of their many services is margin trading, which simply means that a trader can interact with a broker for collateral rather than the specific seller of the crypto token.

Until now, they had allowed trading pairs between fiat and cryptocurrency, though they keep adding additional assets to their platform to provide a wider range of services to consumers. Their latest addition is XRP, the crypto asset of Ripple.

Margin traders will be able to pair XRP with JPY, USD, SGD, and EUR, according to the post on Twitter from Liquid. It said,

“Later this week we will enable $XRP for margin trading and lending on XRP/JPY, XRP/USD, XRP/SGD, and XRP/EUR will all be available to margin traders, who can make use of our 25x leverage, while lenders can earn daily interest on their holdings. #BeLiquid”

Liquid was only launched at the beginning of September by fintech business QUOINE. The portal’s purpose was and is to allow clients to gain access to multiple cryptocurrency exchanges at once.

The original pairs announced for the platform were BTC/SGD, ETH/SGD, and BTC/ETH. At the time, one of the biggest reasons for bringing this type of platform into the industry was to “solve” the fragmentation of the industry, which seemed to lack liquidity.

Liquid uses three different technologies for their ecosystem, including:

  • The matching engine, making the platform scalable
  • The cross-currency conversion engine, which automatically converts the trading pairs as users participate
  • The smart order routing, maintaining a real-time connection between the various exchanges that Liquid is connected to.

The Liquid platform believes in the power of cryptocurrency to change the world. With inspiring words on their platform, they proclaim,

“The future of finance is distributed. Democratization of finance has begun. The power is in everyone’s hands. The crypto economy is here.”

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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