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TMCNet:  World's Largest Fiat Crypto Platform Announces Completion of Group Restructuring

[October 08, 2019]

World's Largest Fiat Crypto Platform Announces Completion of Group Restructuring

TOKYO, Oct. 8, 2019 /PRNewswire/ -- Global cryptocurrency platform ("Liquid") announced the completion of its global group restructuring to reflect the company's evolution into a global fintech business. As a result of the global restructuring, the existing "Quoine" operating entities have moved under Liquid Group Inc. to form the new Liquid Group.

Mike Kayamori, Co-Founder and Chief Executive Officer of Liquid, stated, "We are seeing extraordinary and disruptive trends in financial services, driven by fintech innovation where customers are more digital and tech savvy in accessing their financial needs, from owning cryptocurrency wallets and accounts to actively trading crypto assets on global platforms such as Liquid. On the other hand, traditional financial infrastructure and lean fintech startups are racing to keep up with these new technological advancements, accelerated by the adoption of blockchain technology and cryptocurrencies.

This has caused a proliferation of over 2,000 cryptocurrencies with fragmented markets and over 200 cryptocurrency exchanges operating in siloed liquidity pools. Our vision is to systematically build out best in class capabilities and nurture the right talent to solve liquidity issues in cryptocurrency markets and provide the best price transparency for a wide range of customers, all in one platform. As a regulated entity by the Japan Financial Services Agency, we have combined bank-grade technology solutions, institutionalized KYC/AML compliance, and a strong management team with deep domain expertise in financial services and technology from top tier investment banks to drive the best value for our customers at Liquid. With this group restructuring, we are now unifying all our internal capabilities and assets under a singular global brand, Liquid, that will flow through all our entities' identities."

Drawing from its 5-year leadership in the cryptocurrency space, the Liquid Group will continue to build on existing brand equity of liquidity maximization, customer-centricity, and security. The strengthening of the Liquid brand across all global offices in Tokyo, Singapore, Vietnam and the Philippines will allow the Liquid Group to strengthen its positioning and launch across global markets effectively as a truly global brand. As part of this global expansion plan, Liquid will plan to launch in the United States once all applicable licenses are obtained. As a pro-regulatory group, Liquid's Singapore entity will also be looking at licensing under the incoming Payment Services Act.

Customers will continue to experience Liquid as an all inone platform with services for retail customers, pro traders, and institutional clients, with enhanced localization of features, coupled with best in class trading and exchange services for their cryptocurrency trading needs.

About Liquid

Founded in 2014, Liquid Group Inc. and its subsidiaries operate ("Liquid"), a leading global cryptocurrency platform that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore, and Vietnam, Liquid 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.

Today, Liquid is the world's largest crypto-fiat platform by transaction volume, regulated in Japan. Powered by the World Book, which provides customers enhanced price matching and deeper liquidity for various fiat and cryptocurrency pairs, Liquid offers trading services for major cryptocurrencies such as bitcoin and ethereum against fiat currency pairs in Japanese yen, US, Singapore and Australian dollars, and euro.

As part of the Liquid roadmap, we are developing a range of new features and services including a distributed ledger, which will allow other fintech companies to build their products and services on distributed ledger technology.

In the span of two years:

  • September 2017 – We became the first global cryptocurrency exchange to be officially licensed by the Japan Financial Services Agency.
  • October 2017 – We became the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the Qash Token Sale.
  • November 2017 – We successfully raised 350,000 ETH (approximately USD105 million) through the sale of 350 million Qash in an oversubscribed ICO, to fund the growth of the Liquid platform.
  • September 2018 – Our historical trading platforms, Quoinex and Qryptos, were merged and relaunched as Liquid.
  • July 2018 – Our trading platforms exceeded USD50 billion in transaction volume in the past 12 months.
  • October 2018 – We are featured in KPMG's Top Fintech 100 list 
  • April 2019 – We achieved tech unicorn status in the first close of our Series C fundraising, with a valuation of over $1 billion.

More than just a cryptocurrency exchange, Liquid offers powerful trading features which include:

  • Margin trading of up to 25x leverage for select crypto-fiat pairings
  • A sophisticated user dashboard for pro traders
  • Secure cold wallet storage for individual and corporate customers
  • Proprietary World Book technology that matches orders across global order books, providing access to liquidity pools sourced by a unified platform,
  • Liquid Infinity, a Bitcoin Contracts For Difference (CFD) product that provides up to 100x leverage

More information is available at

Media Contact Details

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Liquid Website:
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