Not too long ago, international fintech firm Quoine unveiled Liquid, a one-stop buying and selling cryptocurrency platform that permits customers to access a worldwide community of cryptocurrency exchanges.
Liquid permits customers to match trades throughout a number of transactions and cryptocurrencies as quickly as it is going to launch its portal. For instance, the orders of BTC/SGD, ETH/SGD and BTC/ETH might be matched collectively. This is anticipated to enormously improve the liquidity of all accessible cryptocurrencies on Liquid.
In subsequent levels, Liquid will supply a World E-book know-how that aggregates the orders and costs on varied exchanges into a single extremely liquid and tradable order ebook and permits orders to be positioned within the foreign money of 1’s alternative.
A fragmented buying and selling panorama and lack of liquidity have hampered the event of the cryptocurrency markets. Liquid will facilitate market stability, improve liquidity and empower a new wave of digital asset merchants to purchase and promote tokens safely.
Quoine is the primary international cryptocurrency change to be formally licensed by the Japan Monetary Service Authority (FSA) for its Japanese operations. Furthermore, Quoine’s current buying and selling platforms, Qryptos and Quoinex, are among the many most superior on this planet. The current digital foreign money change and buying and selling platforms will merge into the new Liquid portal, offering access to liquidity swimming pools sourced by a unified platform.
At present, Quoine processes annual transactions price over $50 billion and are amongst the highest crypto-exchanges on this planet. In November 2017, Quoine efficiently raised USD105M in an oversubscribed ICO, to fund the expansion of the Liquid platform.