The global fintech company Quoine has presented Liquid, a unique cryptocurrency trading portal, which will allow users to access a worldwide cryptocurrency exchange network.
At launch, Liquid allows users to combine trading on multiple transactions and cryptocurrencies. For example, orders from BTC / SGD, ETH / SGD and BTC / ETH can be combined. This is expected to significantly increase the liquidity of all cryptocurrencies available on Liquid.
In the later stages, Liquid will offer a World Book technology that aggregates orders and prices on various exchanges into a single highly liquid and tradable order book and allows orders to be placed in the currency of their choice.
A fragmented business landscape and lack of liquidity have hindered the development of cryptocurrency markets. Liquid will facilitate market stability, improve liquidity and allow a new wave of digital asset traders to buy and sell security tokens.
Quoine is the first global cryptocurrency exchange to be authorized by the Japan Financial Service Authority (FSA) for its Japanese operations. In addition, the existing trading platforms of Quoine, Qryptos and Quoinex, are among the most advanced in the world. The existing digital exchange and exchange platforms will merge into the new Liquid portal, providing access to pools of liquidity from a unified platform.
Quoine currently processes annual transactions for over $ 50 billion and are among the main crypto-exchanges in the world. In November 2017, Quoine successfully raised USD105 million in an excess ICO to finance the growth of the Liquid platform.
A fragmented and non-liquid cryptography
Cryptographic exchanges offer an overlap of cryptocurrency pairs. However, the fragmented business landscape has led to discrepancies in prices and volumes, creating individual currency silos, with more liquidity on a stock exchange that is not reflected in the other. Given that liquidity and the best price constantly change from stock exchange to exchange all over the world, it creates significant price volatility and accessibility problems for traders.
Mike Kayamori, co-founder and CEO of Quoine, said:
"Cryptocurrency markets need stability.This year, the 30-day BTC / USD volatility index was more than 3% for most of the year, with a maximum of over 8% at the beginning of the year The liquid is paving the way for a less volatile future by improving liquidity , inside the cryptocurrency ecosystem. "
" However, Liquid is more than a cryptocurrency exchange Liquid is an all-in-one platform that will bridge the gap between traditional finance and symbolic economy. you need in our suite of services, while our underlying technology will help connect a global crypto community. "
Quoine is a global leader in fintech that offers financial services to trading, exchange and next generation powered by a blockchain technology. With offices in Japan, Singapore and Vietnam, Quoine combines a strong network of local partners with extensive team experience in banking and financial products to provide customers with first-rate financial services. More information is available on our website.
In 2014, Quoine launched Quoine Exchange, later known as Quoinex, which became one of the largest bitcoin exchanges in the world by transaction volume.
In June 2017, Quoine launched a cryptocurrency – only trading and trading platform called Qryptos, exclusively for cryptocurrency trading. Both Quoinex and Qryptos offer powerful trading capabilities, a sophisticated user dashboard, secure cold wallet storage and KYC compliance for individual and business customers.
In September 2017, Quoine Corporation became the first global cryptocurrency exchange to be officially authorized by Japan Financial. Service Agency for its activities in Japan.
In October 2017, Quoine became the first global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as QASHToken Sale.
In November 2017, Quoine successfully raised 350m QASH (the equivalent of 350K ETH or ~ USD105m) in an overwritten ICO to finance the growth of the Liquid platform. As part of the development of the Liquid platform, Quoinex and Qryptos will be incorporated into Liquid.
As of July 2018, both Quoinex and Qryptos have exceeded $ 50 billion in combined transaction volumes over the last 12 months.
In September 2018, Quoinex and Qryptos were merged and re-launched as Liquid. Liquid is powered by the Quoine World Book, which offers customers better price matching and deeper liquidity for the various fiat and cryptocurrency pairs. More information can be found on our website.