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 http://Liquid.com. 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.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,466FansLike
2,795FollowersFollow
4,236FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitfinex Offers $400M Reward For Info on 120k BTC Stolen in 2016; Hackers Can Collect Too

On August 2, 2016, Bitfinex experienced one of the biggest crypto heists of all time, as hackers exploited the system, running off with approximately...

Crypto Trading Platform, 2gether, Unable To Refund $1.4M Hack; Offers Its Native Tokens

Spanish cryptocurrency trading app, 2gether announced on Sunday the platform faced a hack on July 31 on its investment coffers losing €1.183 million ($1.4...

Venture Fund to Invest Majority of $100 Million Raised Fund in DeFi Protocols

San Francisco-based venture fund Electric Capital has raised $100 million from university endowments and other non-profits and it will be using this to invest...

Filecoin to Begins its Incentivized Testnet This Week Ahead of Project Launch Next Month

Crypto project Filecoin which proposes to create a peer-to-peer storage system, will begin its incentivized testnet this week. This testnet will allow users to...

Ethereum 2.0 Final Testnet, Medalla, Rolls Out; Is A 2020 Launch Now In Sight?

The Ethereum 2.0 Phase 0 Medalla public testnet finally went live on August 4, 2020 at around 1AM GMT giving hope of a possible...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today