Cryptoloans Platform Lendingblock Teams With Japanese FinTech Firm Quoinebr>
Based in London, Lendingblock is an open exchange for cryptocurrency loans, where borrowers and lenders are instantly matched. LDN token is the fuel for the Lendingblock engine. It enables the mechanics and operations of the Lendingblock platform. The company seeks to replicate and ‘improve upon’ the traditional methods of securities lending and apply it to cryptocurrency markets.
Quoine provides trading, exchange, and next-generation financial services powered by blockchain technology. In 2014, Quoine launched its crypto-fiat exchange Quoinex, which is now one of the largest exchanges in the world. The platform provides trading services for bitcoin and fiat currency pairs in Japanese yen, US dollar, Euro, HK dollar, Indonesian rupiah, Singapore dollar, Philippine peso, Indian rupee, Australian dollar, and China’s Renminbi. The company also operates Qryptos, a crypto to crypto trading platform.
The partnership will see Lendingblock integrate the Quoinex and Qryptos exchanges, as well as Quoine’s Liquid platform, which aims to provide access to greater liquidity for a growing customer base of cryptocurrency traders, token participants and issuers. The integration will allow Lendingblock to facilitate the sharing of liquidity, and also extend borrowing and lending to exchange users. In addition, Quoine will join Lendingblock’s Institutional Advisory Group and list Lendingblock’s LND token on Qryptos and Liquid.
“We look forward to working closely with them to provide our lending exchange and loan lifecycle management services to QUOINE and their customers,” said Steve Swain, CEO of Lendingblock. “They will be an invaluable partner as part of our Institutional Advisory Group as we roll out our institutional product offering.”
“Lendingblock is leveraging blockchain to efficiently introduce the ability to borrow and lend cryptocurrency in a secure and transparent manner,” said Seth Melamed, Senior Vice President and Head of Operations at Quoine. “We are truly excited to be a part of the innovation Lendingblock is bringing to the blockchain financial services ecosystem. Both of our communities will benefit from the partnership by making new pools of liquidity available and we look forward to a long and prosperous friendship.”