Japan’s Licensed Crypto Exchange Operator Quoine Launches Trading Platform Liquid

Published on 07 September 2018 by Cryptovest Staff

Fintech firm Quoine, with offices in Japan, Singapore, and Vietnam, announced the launch of Liquid, a trading platform that aims to provide investors with access to multiple crypto exchanges.

Tokyo-based cryptocurrency exchange operator Quoine launched Liquid, a crypto trading portal, which lets investors 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. For instance, the orders related to BTC/SGD, BTC/ETH, and ETH/SGD can be matched together to satisfy both buyers and sellers, which greatly boosts the liquidity.

Later, 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 permit users to open positions on any currency they like.

The new portal aims to solve the problem of low liquidity in the cryptocurrency space, which results in a fragmented trading environment. Liquid will contribute to market stability by ensuring a high degree of liquidity and will allow users to trade digital assets in a secure manner.

CEO’s Statement

Quoine CEO and co-founder commented:

“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 cryptocurrency 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.

Quoine, the company behind Liquid, is the first cryptocurrency exchange to get a license from the Japan Financial Service Authority (FSA). The company’s current platforms, Qryptos and Quoinex, will be merged into the new Liquid system. Last year, Quoine raised about $105 million in an initial coin offering (ICO) to develop the Liquid portal.

Features at Launch

At the launch, Liquid is offering the following features:

  • Internal Order Book: Allows the matching of trade orders across various currency pairs. The External Aggregated Order Book, which will provide access to multiple global crypto exchanges, will come at a later stage.
  • Upgraded Matching Engine: Can handle up to several millions of transactions per second.
  • Improved User Interface (UI): Comprises a special Markets webpage that lets users check spot markets.
  • Advanced Tools: Allow investors to carry out iceberg orders.
  • Margin Trading Capability: Enables users to trade with leverage.
  • Lending Feature: Allows users to generate interest from their crypto assets.
  • ICO Market 2.0: Permits potential investors to access ICOs and private sales.

In the following phases, Quoine will introduce several other features, such as credit cards to fund the accounts, quick deposit and withdrawal methods, mobile applications for both Android and iOS operating systems, and more.

The new platform will be fueled by a utility token known as QASH. The token is on the 73rd position on Coinmarketcap’s list of cryptocurrencies. QASH has gained nearly 4% during the day and is trading at $0.22.

Product Vision

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.”