Tokyo-based global fintech company Quoine has launched a crypto trading portal called Liquid, which gives investors the freedom to access a global network of crypto exchanges. Initially, users can match trades across several transactions and coins. Thus, the matching won’t be implemented for a pair only but to several pairs at once.
Liquid also has plans to introduce a World Book system that integrates the orders and prices on multiple cryptocurrency exchanges into a single highly liquid and tradable order book.
According to Quoine CEO and co-founder, Mike Kayamori:
“Cryptocurrency markets need stability. This year, the 30 day BTC/USD volatility index has been above 3% for almost the entire year, with highs topping 8% at the start of the year. Liquid is paving the way to a less volatile future by improving liquidity within the crypto trading ecosystem.”
“However, Liquid is more than just a cryptocurrency exchange. 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,” he explained.
Addressing the problem of low liquidity in crypto trading space
Quoine, the company behind Liquid, is the first cryptocurrency exchange in Japan to to be recognized by the Japan Financial Service Authority (FSA).
Low liquidity in the cryptocurrency trading space has been a big deterrent for investors and Liquid plans to address this problem. It will allow users to easily buy and sell digital assets using Bitcoin, Ethereum, QASH and multiple fiat currencies.
Right now, Liquid is offering:
- Internal Order Book that will allow the matching of trade orders across various currency pairs.
- Upgraded Matching Engine that can handle up to several millions of transactions per second.
- Improved User Interface (UI) which comprises a special Markets webpage that lets users check spot markets.
- Margin trading capability.
- A lending feature that allows users to generate interest from their crypto assets.
- ICO Market 2.0, which will permit potential investors to access ICOs and private sales.
Liquid will be fuelled by a utility token known as QASH, which provides access to the full suite of services on Liquid .
Mario Gomez Lozada, president and chief product officer at Quoine, stated:
“Quoine aims to provide liquidity to the non-liquid crypto economy. With the launch of Liquid, Quoine is building a solid, global financial utility. An advanced platform the entire crypto economy will use to great advantage; where anyone can participate as users and token holders.”
Currently, Quoine processes annual transactions worth over $50 billion and is amongst the top crypto-exchanges in the world.
Image via Shutterstock
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