QASH
$0.19607 0.69%
QASH · 13w

QOUINE releases it's highly anticipated Liquid Platform, aiming to connect liquidity pools of major exchanges.

Liquid is a crypto trading platform looking to build a bridge toward global mass adoption. QUOINE, Liquid’s parent company, was founded in 2014, when they launched a fiat-crypto exchange called Quoinex.

In 2017, they launched Qryptos, a crypto-crypto exchange, followed by one of the most successful ICOs in Asia, where they raised $100 million worth of their native token, QASH. Since the laws surrounding cryptocurrency are still a bit hazy, many projects and exchanges seem to do whatever they can “get away with.” The QUOINE team has taken a different approach from the start, looking to create a law-abiding crypto exchange for their users.

Originating out of Japan, their insistence on legality has led them to be the first firm in the world to be licensed by the Japanese Financial Services Agency.

The Liquid Merge

QUOINE announced at the end of August 2018 that they officially merged Quoinex and Qryptos. If you visited the last 2 links, you were greeted by the same simple message explaining the merge, and that the platform is now called Liquid.

Source: Quoinex Website

Users of both exchanges are able to log into the Liquid platform with their original credentials, where they’ll find their funds automatically transferred. Although the rollout was a few months behind their original schedule, the QUOINE team did a fantastic job making the transition seamless for account holders.

The straightforward way in which QUOINE merged the Quoinex and Qryptos exchanges is similar to the overall purpose of the new Liquid platform.

What Does Liquid Do?

Right now there’s a liquidity issue in the cryptocurrency market. If an exchange is experiencing high demand for 1 of the digital assets listed on their website, sometimes they’re forced to shut down trading. With the increased attention from the spike in volume, removing the option to trade usually creates negative sentiment as investors speculate while waiting for the dust to settle...

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