- Ripple’s On-Demand Liquidity (ODL) solution has seen massive volume growth in H1 2020 compared to H1 2019.
- Ripple is to potentially open more ODL corridors this year.
Ripple’s On-Demand Liquidity (ODL) solution allows participating institutions to source near-instant liquidity 24/7 while offering immense cost savings. Ripple notes ODL can result in up to 60% cost savings while only taking three seconds to settle.
According to the Q2 2020 XRP Markets Report, the solution has seen massive volume growth in H1 2020 compared to H1 2019.
In Q2 2020, ODL accounted for nearly 20% of RippleNet volume. Comparing just H1 2019 with H1 2020, RippleNet experienced 11x year-over-year growth in ODL transaction volume.Q2 2020 XRP Markets Report
The report also detailed the increase in OTC sales to $32.55 million in Q2 2020 compared to the $1.75 million in Q1 2020.
Ripple continued the pause of programmatic sales, focusing solely on its over-the-counter (OTC) sales as part of providing increased XRP liquidity to RippleNet’s On-Demand Liquidity (ODL) customers.Q2 2020 XRP Markets Report
Ripple To Potentially Open More ODL Corridors This Year
Ripple may continue to open new corridors this year. In an interview published by City A.M, Marcus Treacher, SVP of Customer Success at Ripple, talked about the company’s ODL plans.
We have established On Demand Liquidity corridors into Mexico, the Philippines, Australia and Europe, and we’re hoping to further this expansion by opening corridors to APAC and EMEA this year.Marcus Treacher SVP of Customer Success at Ripple
Asheesh Birla, SVP of Product and Corporate Development at Ripple, noted in June that Ripple plans to open new ODL corridors.
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