Crypto Trading Portal Liquid Announced By Japanese FinTech Firm Quoinebr>
Japanese FinTech firm Quoine has introduced a new trading portal that will allow users to access a worldwide network of cryptocurrency exchanges.
In 2014, Quoine launched Quoine Exchange, later known as Quoinex, which became one of the largest bitcoin exchanges in the world by transaction volume. Last year, it launched a crypto to crypto trading platform called Qryptos. Quoine has now merged these two platforms into the new Liquid portal, providing access to liquidity pools sourced by a unified platform.
Initially, Liquid will allow users to match trades across multiple transactions and cryptocurrencies. For instance, the orders related to BTC/SGD, BTC/ETH, and ETH/SGD can be matched together to increase the liquidity. In subsequent stages, Liquid plans to provide users with a World Book system that includes the orders and prices on multiple crypto exchanges into a single order book that is highly liquid. It will allow users to place orders in any currency.
Mike Kayamori, Co-Founder and CEO of Quoine, said that Liquid is paving the way to a less volatile future by improving liquidity within the cryptocurrency ecosystem.
“Liquid is more than just a cryptocurrency exchange,” Kayamori said. “Liquid is an all-in-one platform that will bridge the gap between traditional finance and the token economy. We offer everything you need within our suite of services, while our underlying tech will help connect a global crypto community.”
Quoine, which was the first global cryptocurrency exchange to be officially licensed by Japan’s Financial Service Authority (FSA), said the Liquid platform will be fueled by its utility token QASH. The QASH token will grant access to the full suite of services on Liquid, along with discounts and additional benefits.
“Quoine aims to provide liquidity to the non-liquid crypto economy. With the launch of Liquid, Quoine is building a solid, global financial utility,” said Mario Gomez Lozada, president and chief product officer at Quoine. “An advanced platform the entire crypto economy will use to great advantage; where anyone can participate as users and token holders.”