FTX and Liquid “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” crypto cryptocurrency bitcoin $BTC
The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.”Crypto exchange FTX is entering the Japanese crypto market. FTX CEO Sam Bankman-Fried tweeted Wednesday:
Liquid independently tweeted Wednesday: “Liquid Group and all of its operating subsidiaries are being acquired by FTX Trading Ltd.” Quoine, founded in 2014, was one of the first cryptocurrency exchanges in Japan to be registered by the FSA in 2017. The Japanese exchange was granted a Type 1 Financial Instruments Business registration by the FSA in October last year. The exchange also offers derivatives trading.$400 million and achieved a valuation of $32 billion.
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.
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