Liquid is a Japanese cryptocurrency exchange, launched by international cryptocurrency firm Quoine in 2017.^[1]

Overview

Liquid is a cryptocurrency exchange that has offices in Singapore but is actually regulated and licensed by the Japaneses FSA (Financial Supervisory Authority).  Japanese yen (JPY), US dollars (USD), Euros (EUR), Australian dollars (AUD), and Singapore dollars (SGD) are the fiat currencies Liquid accepts for crypto transfers and deposits.^[2]

Fees

When it comes to crypto-to-fiat trading pairs, there are no fees. As for crypto-to-crypto pairs, 0.15% of transaction value for market takers and -0.075% of transaction value (a rebate) for market makers is the rule. However, on paying the trading fees in QASH, a market taker can avail the 50 percent discount on crypto-to-crypto pairs. On margin trade, 1 0.05 percent fee is applied to both crypto-fiat and crypto-crypto pairs.^[3]

There is no fee charged on crypto withdrawal by Liquid. But for fiat currency withdrawals, $5 for USD, €5 for EURO, $5 for AUD, and JPY¥500 for JPY (JPY¥216 also applies if recipient bank account is local) applies.

QASH Token

QASH is the native token of the Liquid platform that offers its users and holders a range of benefits. It has a total supply of 1 billion tokens while the calculating supply of 350 million.
As for its listing on exchanges, first and foremost, it is available on its own exchange Liquid against both crypto and fiat currencies. Huobi, EXX, Hotbit, Ethfinex, Gate.io, GOPAX, IDEX, and LATOKEN are other exchanges it is listed on.

Features

Safe Storage
The platform manages digital assets using a combination of cold wallets & Multi-party computation (MPC) technology.
Security First
The platform uses the latest technologies to keep funds safe, and stay ahead of vulnerabilities and exploitation attempts.
Fast Withdrawals
Using multi-party computing they are able to offer fast round-the-clock withdrawals while maintaining rigorous security standards.

History

In 2014, Quoine, the parent company of Liquid, was founded.
Launched Quoinex, offering fiat-to-crypto trading. In 2015, it added new features to Quoinex, including margin trading and a mobile application. By 2016, it Inaugurated Quoine headquarters in Tokyo, Japan, It secured $20 million in venture capital funding to fuel our growth. In 2017, they announced Qryptos, a crypto-to-crypto exchange.
Granted official license from the Japan Financial Services Agency as a Virtual Currency Exchange. It became the largest IEO in Asia with more than 80 million USD in QASH.

In 2018, It launched IEO Mission Control, a safe and secure platform for token issuers and participants to participate in the fundraising process. QUOINEX & QRYPTOS were merged and launched Liquid by Quoine. By 2019, they launched Liquid Infinity, 100x leveraged Bitcoin CFD trading.
Introduced progressive fees to reward market makers, high volume, and alt-coin traders. They also released the Liquid Pro mobile app. Quick Exchange was launched for instant swapping between fiat and cryptocurrencies.

In 2020, They applied for the Major Payment Institution license under the Singapore Payment Services Act for the provision of digital payment token services. They applied for a Type 1 Broker-Dealer license in Japan. Expand buy with card support to over 100 countries. Introduced a new Liquid Referral program. Released Quick Exchange for Business, a flexible crypto payments platform.