Ripple is preparing to launch a cryptocurrency trading platform ... Details here
Based on employment data and advertisements published by San Francisco-based Ripple, which shows the company is ready to launch a platform for trading cryptocurrencies.
Where Ripple revealed that it is looking to hire a liquidity software engineer who will, as mentioned in the job description of this employee, "build an enterprise-wide distributed trading platform that provides real-time access to the digital currency markets."
The successful candidate will also be responsible for identifying and aggregating liquidity sources while dealing with algorithm modeling and implementation.
Ripple also mentions liquidity on demand in its employment announcement, which means that the trading platform may be connected to its XRP currency-based conversion technology.
Whereas, Liquidity on Demand (ODL) is a product that leverages cryptocurrencies and blockchain technology to improve the cost, speed, and transparency of cross-border payments.
This strategic Ripple product is powered by the blazing speed, low transaction cost, and scalability of the XRP digital currency.
The connection between the two platforms appears to be broad, with the job post highlighting the overall cryptocurrency market and not just XRP.
However, it is not clear whether the platform is for retailers (individuals) or corporations, or for financial institutions that are part of the RippleNet network.
Earlier this year, Ripple published two job announcements seeking to recruit a “liquidity software engineer” and an “engineering director for the new trading platform”.