Tag: Liquid group
Instant P2P Fund Transfers Now Enabled Between Singapore and Malaysia – Fintech Singapore
FTX Japan users withdraw funds amid litigation
India UPI expanding services to Singapore
Singapore and India’s Real-Time Payments Linkage Goes Live
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
Market Analysis Report (03 Feb 2022)
Crypto exchange company FTX acquires Japan exchange Liquid.com
Japan-headquartered crypto exchange company Liquid Group and all of its operating subsidiaries including Quoine Corporation, today announced it is being acquired by FTX Trading Ltd, a crypto asset exchange offering spot, derivatives, NFTs, and other services. Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s […]
The post Crypto exchange company FTX acquires Japan exchange Liquid.com appeared first on CryptoNinjas.
FTX Buys Japanese Crypto Exchange Liquid Group for Asia Expansion
Crypto exchange FTX is acquiring Japan’s Liquid Group and its operating subsidiaries to bolster up its Asia expansion. The acquisition comes less than 48 hours after FTX raised $400 million at a $32 billion valuation in the latest Series C funding round. According to an official press release, the acquisition deal includes Quoine Corporation and its Singapore subsidiary. In 2017, Quoine was one of the first cryptocurrency exchanges to register with Japan’s Financial Services Agency, the country’s top financial regulator. Liquid said the deal with FTX is set to conclude by the end of March 2022 subject to regulatory and shareholder approval. Once the acquisition is completed, Quoine will gradually start integrating FTX’s products and services into its own platform and thereafter serve all of FTX’s Japanese clients. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s existing Japanese customers will be migrated to Quoine’s platform,” the announcement release reads. “In connection with this acquisition, FTX has also entered into an agreement with Liquid to provide its existing Japanese users with services in compliance with Japanese laws, and will transfer its existing Japanese users to Quoine.” Liquid-FTX Connections Founded in 2014, Liquid is one of the world’s largest crypto exchanges in daily trading volume, with nearly $72 million, according to CoinMarketCap. The platform offers both spot trading and financial derivatives. FTX is one of the leading centralized crypto exchanges with a daily trading volume above $10 billion across spot and derivatives markets, per CoinGecko. FTX is already familiar with Liquid. In August 2021, when Liquid was hacked for more than $90 million, FTX came to its rescue and provided $120 million in debt financing to help cover its losses.
The post FTX Buys Japanese Crypto Exchange Liquid Group for Asia Expansion appeared first on Cryptoknowmics-Crypto News and Media Platform.
FTX Enters Japanese Crypto Market With Acquisition of Regulated Crypto Exchange
FTX Considers Acquiring Japanese Fintech Liquid Group Company
FTX Exchange Acquires Japan-based Liquid Exchange
FTX Derivatives Exchange has acquired Japanese digital assets brokerage firm, Liquid Group, and its existing subsidiaries Quinone Corporation and Quinone Pte in Singapore. (Read More)