A new job opening at Ripple confirms the San Francisco startup is preparing to launch a next-generation trading platform.
In a new listing, Ripple reveals that it is hiring a senior software engineer for liquidity who will “build an enterprise-grade, distributed trading platform that provides real-time access to crypto markets.” The successful candidate will also be responsible for sourcing and aggregating liquidity while handling “execution algorithm modeling and implementation.”
Ripple also mentions On-Demand Liquidity in the job advertisement, which implies that the trading platform may be connected to the company’s XRP-based remittance technology.
“On Demand Liquidity (ODL) is a product that leverages digital assets and blockchain technology to improve the cost, speed and transparency of cross border payments. This highly strategic product for Ripple is powered by the superior speed, low transaction cost and scalability of the digital asset XRP.”
The connection between the two platforms appears to be broad as the job post highlights the overall crypto markets and not just XRP. However, it is not yet clear whether the platform will be for retail traders, institutions, or reserved for financial institutions that are part of RippleNet.
Earlier this year, Ripple posted two job advertisements that sought to hire a liquidity software engineer and an engineering manager for the new trading platform.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/IM_VISUALS
