Review on Liquid by Inioluwa Okedeji
Liquid: A Global Exchange That Bridges The World Of Cryptocurrencies And Fiat Currencies.
Liquid is a Japan-based exchange that was established in 2014 that offer different types of trading services, ranging from BTC trading, ETH trading, margin trading, future trading, algo trading and also allows lending to earn interests on deposits and ensure that users with low trading capital are provided the right trading capital.
Liquid exchange is also prominent in the cryptocurrency space for its trading activities with major fiat pairings which allow users to trade with their national currencies. This feature is said to make the Liquid exchange plaform a global trading plaform that connects the world of cryptocurrency and fiat currencies together.
The exchange at the moment also offers zero percent fees on all trading pairs except ETH/BTC pair. This feature is also one of the things that draw more traders to trade on the exchange. Although there are other exchanges that offers the same feature hence there is competition.
In the aspect of security, it has been breached before and this I believe will scare users off because it proves that they can't trust the platform to secure their assets safely. In all my experience, that is the only flaw I can point out that discredits the exchange plaform, but I believe something is being done to rectify such issue so that it won't be experienced again. The ability of an exchange to secure the assets of its users is very paramount in building the confidence and trust that the public have in the exchange.
Pros
- Liquid exchange supports trading on major fiat pairings
- It offers zero percent fees on almost all its trading pairs
- As it name implies, the Liquid exchange has high liquidity.
Cons
- Inability to make payments and deposits with credit cards.
- The security of the exchange isn't strong enough to secure users assets. Which means the confidence the public have in this exchange is low.
