Quoine announced the launch of their crypto trading portal, dubbed Liquid, in a press release published on September 7. The Liquid portal will allow users access to a global network of cryptocurrency exchanges.
Liquid allows users to match cryptocurrency trades across multiple transactions and cryptocurrencies, allowing you to match orders of BTC/SGD, ETH/SGD, and BTC/ETH together.
Matching Trades Made Easy
Liquid aims to introduce a World Book technology at a later stage for their users. The technology will combine the orders and prices on various exchanges into one tradable order book. Orders can then be placed using the user’s currency of choice.
Liquid’s World Book will improve market liquidity, matching orders and allowing traders to buy and sell into healthy order books.
Quoine’s CEO and co-founder Mike Kayamori commented on the launch, saying:
“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.”
Merging Platforms For Better Service
Quoine also revealed that their trading platforms, Qryptos and Quoinex will merge with Liquid and provide users access to liquidity pools sourced by a unified platform.
The firm revealed in a statement that, in November of last year, it had raised $105 million in an initial coin offering (ICO) to fund the growth of Liquid. Today, the firm processes annual transactions worth more than $50 billion.
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