TOKYO, Oct. 13, 2017 /PRNewswire/ -- Leading global fintech firm QUOINE has entered into a strategic partnership with Bitfinex, a leading cryptocurrency exchange, to improve liquidity across fragmented cryptocurrency and fiat markets.
After Initial Coin Offerings (ICOs), token issuers require liquidity to foster adoption, project financing, and price discovery. As the ICO market continues its rapid upward trajectory -- an indication that ICOs could be a mainstream method of raising funds in the near future -- this need for liquidity will increase.
The QUOINE-Bitfinex strategic partnership will strengthen the QUOINE LIQUID platform. The platform seeks to provide and attract liquidity to address the needs of businesses and their stakeholders. It will also provide more choices for Bitfinex customers with a new token, QASH, issued by QUOINE to transact at lower rates on the QUOINE LIQUID platform.
Mike Kayamori, CEO and Co-founder of QUOINE, said, "Bitfinex is one of the largest cryptocurrency exchanges globally, and we have built a long-standing partnership of trust with them over a long period of time. We are pleased to work with Bitfinex and we share a common vision to build a more liquid crypto economy. Each cryptocurrency exchange is not a rival, but a partner to contribute to a more liquid crypto world."
Recognizing the market need to build a global liquidity platform efficiently at scale, QUOINE is also pursuing the same path as other token issuers to fund growth of the QUOINE LIQUID platform. QUOINE will be the first licensed global cryptocurrency exchange in Japan to launch a global ICO, also known as the QASH Token Sale. QUOINE's Japanese entity, QUOINE Corporation, officially received its license from the Japan Financial Services Agency last month.
Another key feature of the partnership is that Bitfinex will support the QASH Token Sale by listing the QASH token at a later date once the ICO is concluded.
JL van der Velde, CEO of Bitfinex, said, "We are excited for the promise of this strategic alliance. We have a long-standing relationship with QUOINE and think that they are well-placed to become a global player in this space. QASH is a very interesting token and, when listed, it will give our customers additional optionality and deepen our liquidity."
The QASH Token Sale begins on 6 November with a 20% discount for the first three days of the Token Sale. Further details about the QASH Token Sale, the whitepaper, and registration for participation are available at https://liquid.plus.
QUOINE is a leading global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore, and Vietnam, QUOINE combines a strong network of local partners with extensive team experience in banking and financial products to deliver best-in-class financial services for its customers. More information is available at www.quoine.com
In 2014, QUOINE launched Quoine Exchange, now known as QUOINEX, which became one of the largest bitcoin exchanges in the world by transaction volume. QUOINE offers powerful trading features, a sophisticated user dashboard, and secure regulatory compliance to individual and corporate customers. QUOINEX provides trading services for bitcoin and fiat currency pairs in Japanese yen, US dollar, Euro, HK dollar, Indonesian rupiah, Singapore dollar, Philippine peso, Indian rupee, Australian dollar, and Chinese Renminbi. QUOINEX has exceeded USD12 billion in transactions in the past two years. In September 2017, QUOINE Corporation became the first global cryptocurrency exchange to be officially licensed by the Japan FSA. More information can be found at www.quoinex.com
In June 2017, QUOINE launched a fully digital cryptocurrency exchange and trading platform called QRYPTOS, exclusively for cryptocurrency trading in desktop version at www.qryptos.com.
In October 2017, QUOINE became the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the QASH Token Sale. QUOINE Corporation was officially licensed by the Japan FSA on 29th September 2017. QUOINE launched its QASH Token Sale website at https://liquid.plus on 1 October 2017, to fund the growth of the QUOINE LIQUID platform. More information can be found at:
Bitfinex is the world's leading digital asset exchange and provides the most advanced trading platform in the industry. A principal source of price discovery, Bitfinex also underpins a large part of the cryptocurrency economy by enabling merchants, payment processors, individuals and traders with access to the deepest liquidity pools. Bitfinex was the first platform to offer leveraged spot trading in cryptocurrency, and created the largest peer-to-peer financing solution in the digital token space. Founded in 2012, Bitfinex is an established thought leader in the digital currency exchange economy, constantly delivering innovative features and functionality to its global customer base.