One of the largest cryptocurrency exchanges in Japan, Quoine, announced recently, it’s intention to form a new trading platform by merging the functions of its previously launched exchange trading platforms (Quoinex and Qryptos) to form a single trading platform that will be able to support different trading activities, thereby making buying and selling as easy as ABCD.
In other words, Quoinex and Qryptos, will be migrated to Liquid on September 4th and is expected to take up to 24 hrs.
For better understability, QUOINEX is a crypto-fiat exchange platform, whereas QRYPTOS deals with crypto currencies only. Both platforms are owned by QUOINE Corporation headquartered in Tokyo, Japan. When you sign up for an account at QUOINEX or QRYPTOS, the same registered credentials and 2-factor authentication setting can be used to sign in to the other platform. Everything is shared except for trading activities, deposit/withdrawal addresses, and balances.
The about-to-be-released liquid platform will be accessible by all except for the citizens of countries on the Financial Action Task Force high-risk list which include the U.S. Customers and some Japanese customers will be restricted from having access to currencies and services approved by the Japan Financial Services Agency [FSA].
One of the firm’s representatives concluded by saying:
The new platform’s order matching is powered by Quoine’s World Book, which provides traders with enhanced price matching and deeper liquidity.