Crypto Firm Liquid To Enter US Market With VCP Partnership

Announcements, News | May 17, 2019 By:

Cryptocurrency trading portal Liquid has teamed with Virtual Currency Partners (VCP) in order to enter the US market.

Liquid was launched by Japanese FinTech firm Quoine in 2018 to provide trading, exchange, and next generation financial services powered by blockchain technology. Regulated by Japan’s Financial Services Agency (FSA), the platform offers trading services for major cryptocurrencies, such as bitcoin and ethereum against fiat currency pairs in JPY, USD, SGD and AUD, and Euro.

VCP is a venture capital group founded in 2017 to invest in FinTech, blockchain and cryptocurrency opportunities. The founders of VCP calims to have successfully invested in and managed companies disruptive to technology-driven markets.

The firms have joined forces to form a joint venture – Liquid Financial USA Inc. (Liquid USA) – aimed at attracting more US investors to use its platform and native token, qash. The new venture has already acquired cloud-based data platform iQx, which is registered with the Financial Crimes Enforcement Network (FinCEN), and established offices in two cities in the country – New York and Georgia. It is expected to start serving customers in early 2020.

“The United States is one of the world’s largest markets for the virtual currency industry, and our community and clients and institutional investors are widely interested in providing services in the US market,” said Mike Kayamori, the co-founder and CEO of Liquid Group.

“After nearly a year of studying the cryptocurrency space and researching a number of players, we were extremely impressed with Liquid and the strong foundation it built for itself as Japan’s first FSA-approved cryptocurrency exchange and one of the top 5 cryptocurrency exchanges in the world,” said Barry Schiffman, the chairman of VCP.