Uphold launches OTC trading for XRP and other assets, providing institutional investors with extensive insights and superior liquidity for optimal trade execution.
Uphold, a prominent US-based Web3 financial platform, has unveiled its latest offering Uphold Ascent, a customizable over-the-counter (OTC) trading platform tailored for institutional investors focused on XRP and other assets.
Uphold announced the launch in an official press release. The Ascent platform, known for its optimal execution and competitive pricing, will allow institutional investors to trade XRP and over 280 other tokens, setting Uphold apart from other OTC platforms in the industry.
One of the standout features of Uphold Ascent is its superior liquidity, made possible through connections to 29 trading venues. XRP traders can utilize smart routing capabilities, directing orders to centralized exchanges, decentralized exchanges, and Layer 2 networks.
This enhanced liquidity allows for improved trading efficiency and flexibility, benefiting institutional XRP investors searching for optimal trade execution.
Uphold to Provide Research for XRP Investors
Speaking on the development, Simon McLoughlin, the CEO of Uphold, noted that the new Ascent OTC platform would provide institutional XRP investors access to comprehensive and extensive insights and the deepest liquidity pool through which to execute trades.
Uphold Intelligence backs the Ascent OTC platform, the exchange’s digital asset research division, which specializes in the early identification of significant assets, providing clients with valuable market knowledge while offering a competitive edge.
Notably, this latest offering comes after UpHold’s Chief Revenue Officer established that XRP satisfies all the legitimate criteria necessary to be listed on its exchange, as reported by The Crypto Basic early this week.
Uphold’s commitment to delivering cutting-edge solutions and comprehensive research ensures that XRP investors have the tools to navigate and thrive in the evolving digital asset landscape.
The platform has continued to support XRP despite the SEC’s claims that the asset is an unregistered security offered by Ripple. Due to their sustained support, most US-based XRP investors have flocked to Uphold. Consequently, the platform holds over $1 billion worth of XRP in its reserves, which is way more than its BTC reserves.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/06/01/uphold-unveils-otc-trading-for-xrp-and-other-assets/?utm_source=rss&utm_medium=rss&utm_campaign=uphold-unveils-otc-trading-for-xrp-and-other-assets