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The Complete Guide to the LIQUID Exchange

The Complete Guide to the LIQUID Exchange
  • History
  • Founders
  • What is LIQUID exchange?
  • Advantages
  • Registration
  • Verification
  • Depositing & Withdrawing
  • Trading
  • Margin
  • Buy/Swap
  • Referral program
  • Lending
  • Order
  • Security
  • Customer support
  • Regulations
  • Why LIQUID?
  • Conclusion

Established as QUOINE (parent company) in 2014, LIQUID is one of the largest blockchain companies with a vision that goes beyond: creating an ecosystem for everyone. Today, LIQUID is the largest cryptocurrency platform in Asia and has raised more than $100 million USD in QASH.

LIQUID is a crypto exchange platform that facilitates buying, trading and selling of common cryptocurrencies like Bitcoin, Ethereum, XRP or Tether. Users can trade under fair conditions with some of the lowest fees available on the market, buy cryptocurrency with their credit card or swap their coins. Alternatively, there is the option to lend cryptocurrencies and therefore passively increase the value of their portfolio. The exchange’s new feature -- the referral program -- enables inviting friends and further lowers fees. Trades include crypto-to-crypto and crypto-to-fiat exchanges.

History

First of all: What is the history behind Cryptocurrency?

The genesis can be traced to the emergence of Bitcoin in 2009. The philosophy of Bitcoin was novel and groundbreaking to say the least. For the first time, in our historical knowledge, financial power and control would be removed from the wealthy few, and governed rather, in a fair and transparent way, by the larger populace: regardless of one’s socio-economic standing.

The buy-in, in just one decade has been astounding. A market cap which began at zero, has grown exponentially to $70 billion USD. More than 100 tokens are now on the market with caps in the billion-dollar range.

Put another way, the present landscape reveals that the combined Crypto Token market cap has crossed the $140 billion USD threshold.

One of the forerunners in the cryptocurrency world is Japanese investor Mike Kayamori. Harvard Business School graduate, Kayamori, always held the belief that individuals must retain greater control over their personal finances, thereby removing the control currently held by many financial conglomerates.

QUOINE was founded in 2014 and the LIQUID cryptocurrency exchange platform launched in 2018. Today, LIQUID boasts an employee base of more than 300 persons, and over US $50 billion USD in transactions.

The disruptive nature of blockchain technology propelled Kayamori and Mario Gomez-Lozada to found QUOINE.

Founders

Mike Kayamori, Co-founder and CEO

Kayamori’s 22-year work tenure encompasses experience in investment finance, IT, business management and venture capital services, spanning regions such as Japan, India, Southeast Asia and the US.

The investment guru was previously the Senior Vice President of SoftBank Group where he headed their Asian operations and investments with the Bharti Group and SingTel.

Prior to this, Kayamori held the position of Senior Director at Globespan Capital Partners, which operated from Palo Alto, California. This venture capital firm worked with funds under management in excess of US $1.2 billion.

Kayamori was also the Chief Investment Officer of Gungho Asia: the company behind Puzzle and Dragons. He holds a Bachelor of Law Degree from the University of Tokyo, as well as an MBA from Harvard Business School.

Mario Gomez-Lozada, Co-Founder, President and CTO

Mario held the position of Head of Fixed Income (IT) and Chief Investment Officer (CIO) at Credit Suisse. In this capacity, he managed portfolios pertaining to the growth of Fixed Income, Currencies and Commodities within the Asian market.

One of his major accomplishments whilst at Credit Suisse was the overseeing of the creation of the FICC Global Development Centre in Singapore.

As the Japanese CIO, he worked alongside local regulators toward the implementation and management of IT Risk and Control.

Before joining Credit Suisse, Mario was the Chief Technical Officer (CTO) of Merrill Lynch, Japan. His 13-year tenure encompassed a wide range of responsibilities from Currencies and Commodities to Fixed Income financial services. He was also integral in the early adoption of electronic trading where he spearheaded the development of Sales and Trading software technology.

What is LIQUID exchange?

The LIQUID exchange platform is a globally accessible trading programme (World Book) which comes with a range of supporting services (Prime Brokerage).

The pairing of these two technologies has created opportunities for customers around the world to enjoy the equitable benefits of the crypto economy.

Firstly, World Book, which is LIQUID’s prime exchange platform, has been fashioned upon QUOINE’s Matching Engine, Smart Order Routing and Cross Currency Conversion Engine software.

Combined, this platform makes for a one-stop shop for traders, as the multi-market order book funnels every liquidity source around the world into one highly LIQUID tradable order book, showcasing a multitude of currencies as required by users.

The Prime Brokerage

The Prime Brokerage enables traders to take advantage of features to reduce counterparty risks and increase ROI.

The LIQUID exchange platform merges its World Book and Prime Brokerage with top-notch features and services including the System Co-Location, Automated Trading Strategies, “Crowd-Sourced” AI-driven Algorithms, and QUOINE’s state-of-the-art proprietary Trading Tools to provide high-quality services to a wide range of clients.

Zeroing in on this groundbreaking technology, it is worth drawing attention to QASH: this is LIQUID TOKEN’s software, which fuels all of QUOINE’s services.

The developers behind this technology have already engaged a host of financial institutions, and affiliates, to make QASH their go-to token for existing and future financial services as they move toward more singular exchange platforms.

The goal is that QASH would be incorporated into the wider financial landscape used for a range of purposes, including remittance and payments.

All in all, the overarching vision of LIQUID is that this software would become an all-encompassing financial service, used the world over: placing into the hands of users opportunities for financial growth through the transparent and equitable vehicle of the crypto economy.

LIQUID’s exchange platform can be also operated in four more different languages, Japanese, Korean, Chinese and Russian.

Advantages

QUOINE’s exchange software is designed for both Individual and Institutional Traders.

The key advantages of this technology include:

  • Top-tiered financial software (which includes Smart Order Routing (SOR) and Order Management (OMS) software): designed to connect the leading global crypto exchanges. The functionalities of this system also boast the provision of real-time market data infrastructure, spanning all major international crypto exchanges.
  • Access to Liquidity: As crypto exchanges increase, so do the opportunities, good and challenging, for all players (investors and traders) across the world. Crypto token markets see daily trades ranging within the vicinity of $4 - $5 billion USD over more than a dozen exchanges.
  • Reduced Risk: When it comes to investing, and more so with regard to the new kid on the block, cryptocurrency, risk plays a major role. Investors and/or traders, regardless of their risk appetite, almost always approach investing with the hopes of a handsome ROI at the end of the day.

When it comes to this channel of trading, several risk factors need to be taken into consideration. These include counterparty risk, technological issues - especially software breaches, market volatility etc. To compound matters, within recent times, every one of the top five global exchanges have been subject to hacking of some sort, with millions of funds stolen. The only platform to withstand these hacking attempts was LIQUID.

  • Access to Professional-Grade Services. The LIQUID exchange platform boasts superior stand-alone technology, capable of providing high-performance services to users. The software is further enhanced when partnered with LIQUID’s Prime Brokerage, Fiat Management Services and world-class reporting features.

Benefits for token issuers

Liquidity, or lack thereof, continues to be a problem in the crypto economy. LIQUID, however, provides an excellent solution for this. By using all of LIQUID exchange platform’s technologies, token Issuers will be able to create a market for their token in cryptos. Liquidity issues would be solved as the exchange platform is designed to fully support the new crypto token economy.

Features include:

  • Web-based, self-service setup on QRYPTOS
  • Use of LIQUID exchange platform’s Matching Engine
  • Market Data Services
  • Tools which enable users to conduct their own market-making: they can also use LIQUID Exchange Platform’s market-making as a service (Token Issuers will need to provide their inventories).

Benefits for token holders

For early cryptocurrency participants, with sizable amounts of invested assets, the LIQUID Exchange Platform provides increased price stability and reduced market manipulation. This in turn augments the valuation of their crypto token assets.

Added to this, token holders can benefit from the LIQUID Platform’s Crypto Lending services.

In essence, token holders have the opportunity to lend their tokens, for a price, at QRYPTOS -- thereby widening the pool for liquidity in the market, and increasing the overall liquidity of the specific token.

Token Liquidity Service

Another imperative benefit of the LIQUID Exchange Platform is its Token Liquidity Service. This feature is integral particularly for token holders with significant assets invested in specific crypto tokens.

The challenge experienced by such token holders occurs when they need to liquidate their assets in a short space of time. This would often lead to a disruption of the token market, and on several occasions, cause the market itself to crash.

Thanks to the LIQUID Exchange Platform, World Book and automated order types, token holders can stave off these issues without disrupting the market, whilst liquidating large amounts. There would also no longer be a need for token holders to opt for the liquidating services of third-party entities, many of which are expensive and non-transparent.

The world is presently in the midst of what many refer to as “The FinTech Revolution,” which is turning the financial world as we know it, on its head. In other words: disruption. Key players in this modern era are financial services innovators, cryptocurrencies and even society at large.

This new FinTech wave promises more efficient, affordable, transparent (i.e. no more middleman) financial services to the world, including the estimated 2.5 billion “unbanked masses” with no access to banking services at this time.

Furthermore, there are numerous individuals and institutions around the world who/which are classified as “underbanked”. This means, for example, they are denied credit through traditional banking, due to their lack of credit histories, among other such reasons.

This is the core problem LIQUID’s exchange platform seeks to resolve. Through its global network of exchange and banking relationships, regulatory licenses and compliance, as well as security frameworks, this technology can provide financial solutions to the underserved, and unserved around the world...and rectify the lagging issues currently faced by existing FinTech facilities. Core functionalities include: international remittances, payments and lending.

The vision of the LIQUID team is that QASH would become the preferred token to be integrated in the financial world.

Registration

To register for the LIQUID exchange platform, new traders must first go to LIQUID’s homepage.

Registration is needed to legally verify the users and allow them to deposit, withdraw, and trade crypto and fiat.

To register for the LIQUID exchange, traders can click the Get Started button that is found in the right top corner of LIQUID’s website. Alternatively, the ‘Get Started’ button is distributed across the website.

Once the button is clicked, the user is redirected to the following page to create his/her personal LIQUID exchange account.

Required information of potential customers includes choosing the country of residence, entering a legal first and last name, a valid e-mail address, and setting up a secure password. LIQUID exchange proposes to choose a password with a minimum of 8 characters, 1 lower case letter, 1 upper case letter, and 1 number.

In case a user was referred by a friend or someone in their network, they can benefit from LIQUID’s exchange referral program.

If a user referred someone in her or his network, they will receive a link that once opened, fills in the referral code automatically.

By clicking Sign up, the customer automatically agrees to LIQUID’s User Agreement, Privacy Policy, and Trading. Users can get detailed information on each topic by clicking on the one they want to know more about.

The new customer will then receive a notification that asks for email confirmation.

Upon registration, he’ll receive an email that includes a confirmation button.

Once the user clicks the Confirm Email Address button, the registration process in the exchange platform is complete.

LIQUID also cautions users against giving their password to anyone, and warns them not to send money in the form of crypto or fiat to anyone who claims to be a LIQUID exchange or QUOINE representative and to enable Google Two-Factor Authentication.

Once the user's email address is confirmed, the LIQUID web application opens. Before trading is enabled, users have to follow the 2-Factor Authentication process and verify their account in the exchange platform.

LIQUID also provides the option for creating a Corporate account.

By clicking the button entitled Corporate Account Contact us on the bottom right the user can contact the LIQUID Business Team to set up a corporate exchange account.

By clicking this button, the traders are transferred to the Corporate Signup Form page. Users are required to fill in important details like first name, last name, business email, company name, registered country of business, and any message they may have for LIQUID’s Business Team. The user must then click the Send message to begin the process of registering a corporate exchange account.

Verification

The verification process to start the exchanges in the LIQUID platform consists of two stages:

  1. The Two-Factor Authentication process, and
  2. The identification proof process

A. The Two-Factor Authentication process

To enable funding, trading, and withdrawal, users need to set up a Two-Factor Authentication. Therefore, a Google Authenticator must be installed, a secret code must be backed up and then the QR code needs to be scanned with the Google Authenticator application.

Traders can download Google Authenticator from Google Play or App Store on their phone.

The users need to follow the instructions of the app and scan the QR code that is provided from LIQUID’s website or enter the private key.

LIQUID exchange platform also provides a reminder that users make sure to copy or write down the 16-digit secret code. This code can be used to regain access to the account. The exchange strongly cautions its users against sharing or distributing this code with anyone.

The trader enters the verification code and then presses Enable.

The verification code is found from the Google Authenticator app. The phone screen will show the name of the LIQUID’s parental company (QUOINE), the registered email, and a six-digit number, which is the verification code, like this:

QUOINE (usersemail@mail.com)

### ### <- The verification code

This number changes frequently, so it doesn’t require memorisation.

After clicking Enable, the customer’s LIQUID exchange account has completed the first stage of the verification process.

By pressing OK, the user gains access to his/her LIQUID exchange account dashboard.

B. The identification proof process

Further verification steps are required to enable the first deposit. Documents and photos must be uploaded to complete the verification of the exchange account, by clicking the button Deposits on the top right of the dashboard and then Upload Documents.

LIQUID’s users must read by clicking the link buttons on each document about Privacy Policy Risk Disclosure Statement, Trading Rules, and Terms of Use before they confirm that they have read and agree with the documents.

By clicking Next, the customer is informed that three documents/photos are needed for the verification of the LIQUID exchange account. Identity document, a selfie, and proof of address.

Identity Document: The user has to provide a photo of his/her ID card, driver’s license, or passport. A BMP, JPG, JPEG, PNG, PDF, TIF, TIFF file of 5MB max must be uploaded.

Selfie (only): The user has to provide a photo of him/herself on a neutral background, without the presence of other people and without wearing anything that hides facial characteristics, (e.g. hats, glasses, sunglasses).

Proof of Address: The user has to provide a document that proves his/her residence. The document cannot be older than three months and is preferable to be in the form of a bank statement, a phone bill, or a rent payment.

After completing the three steps, the new trader will receive a verification email.

After the verification process is approved, the user will receive an email to let them know the status of their exchange account.

If the verification was successful, the account is unlocked and users will be able to start crypto exchanges and get access to the following features:

  • Buying cryptocurrencies
  • Selling cryptocurrencies
  • Trading cryptocurrencies
  • Swapping cryptocurrencies
  • Depositing of fiat & crypto
  • Increased withdrawal up to 30,000 USD a day, max $300,000 USD monthly

There is an option for users to deposit directly on the top right and/or contact the customer service at the bottom left.

Depositing & Withdrawing

Once the verification process is completed users can start depositing or withdrawing cryptocurrency to or from their wallet to his/her LIQUID exchange account.

These functions enable the customer to trade his/her cryptocurrency on the LIQUID exchange platform.

Depositing

Before the first deposit, the user's exchange account must be verified and approved, by using the Two-Factor Authentication code and by providing all the necessary documents.

To deposit, the user must click Deposits on the top-right corner on the dashboard. He or she is then transferred to the Deposits page, where they can select the currency (fiat or crypto) that he/she wants to deposit.

Once the cryptocurrency is selected, a wallet address is provided and a QR form of it. The user can choose between using this address or the QR code to transfer funds from their wallet to his/her LIQUID exchange account.

Users must check thoroughly the address and the suitable currency to which funds are being sent or exchanged. Otherwise, they will risk not being able to retrieve them.

Withdrawing

To withdraw the LIQUID’S exchange account’s funds, the trader has to hover over Funds on the top right of the screen and then click Withdrawals. The user is then transferred to the Withdrawals page, where they can select the currency they want to withdraw and read about the two steps necessary to complete the transaction.

The customer should click Get Started to begin the withdrawal process.

In the beginning, users need to whitelist their withdrawal address.

For the second step, users are asked to enter their confirmation token and confirm the BTC address.

Trading

To start trading, the user has to click Trade on the upper-left corner of the dashboard, and select the desired trading function.

LIQUID exchange platform has been built with both beginners and experienced users in mind. The trading dashboard has a clean and easy-to-use interface. On the left, the user will find the Trading Feed. At the center, there is a customisable chart, and on the right, the Order book and Order form. Finally, the user can find his past and current orders at the bottom.

For a beginner trader, Spot Trading is the best choice to avoid unnecessary risk. The user has to hover over the Trade button and select Spot Trading to start the exchange of cryptocurrencies.

He or she can then select which currencies (crypto/crypto or crypto/fiat) he wants to exchange. The drop-down menu offers a wide variety of options, and by clicking the star to the left, the favourites are marked.

The user has the limit, market and stop option to start trading. For the limit option. the order is placed on the form. The user can then place his/her buy order by selecting either the cheapest price on the order book or by setting a preferable price and pressing the Place Buy Order button. If the user wants to buy at the current price, then a Market order is suitable. For more information, LIQUID’s users can watch the official instructional video, and learn more details about this exchange platform.

Margin

The Margin option for trading on LIQUID gives experienced traders the option to borrow money from the exchange platform and place a bet on how the price of currency will be in the near future. This method is used to maximise the potential earnings, but there is a big risk that it maximises the potential losses, too. LIQUID exchange platform allows up to to 25x leverage.

This exchange process begins in a similar way to Spot Trading. First, the user has to find the preferable currency pairing. Then he or she has to select a long or short position. If the market is expected to go up, then the best choice is long. If the market is expected to go down, the choice is short.

The process changes from this point on, as the user has to make more choices. First, the margin type must be selected. By clicking cross, the margin will be shared between all the open positions, and by clicking isolated, it will be assigned to an individual open position. Next, the user must select the amount of leverage they would like to take on. LIQUID exchange platform offers five different options (2x, 4x, 5x, 10x, 25x). Then he or she can select if the leverage mode is going to be One Direction, Two Direction, or Net Out.

The user will next need to make an educated guess about the price of the currency he or she wants to buy, based on the Order book and the expected market price. Clicking the Open Long/Short Position button then places the order.

The user has guidance over every option in the Order form, by hovering over each button. Watch the instructional video for more details on this exchange possibility.

Buy/Swap

The Buy/Swap function allows users to buy crypto currency with their credit card or exchange from fiat to crypto or vice versa.

Users can buy cryptocurrency by entering the amount they want to pay in the preferred currency in the first bar. LIQUID then calculates the total card fees and the conversion rate. The second bar shows how much the user will receive. LIQUID exchange platform again enables the user to choose their preferred currency.

By clicking the Buy with Visa button, the user will be redirected to a regular payment page.

The Swap function enables the user to swap from one currency to another. By entering the exchange amount, the rate is automatically calculated.

Referral program

The referral program is a relatively new feature that was added to LIQUID’s exchange platform in 2018.

Users who refer family, friends and people in their network are rewarded with discounts on trading fees. Those referred get a bonus, too, making it a win-win for everyone.

To refer someone, users must simply click the Referral Program button and invite their friends.

Next, users should either copy the referral code and send it directly to the person they want to issue the referral code for or they copy paste the link or share through social media.

By referring people to the LIQUID exchange platform, users will receive 30% of their trading base. Therefore, building a network enables users to create a passive income stream. Referees receive a 10% discount on their trading fees during their first month.

Users can share their referral link through various social media platforms like Twitter, Facebook, Reddit, Messenger or WhatsApp.

Lending

Lending crypto or fiat money to other users lets portfolios work on their own. Users can lend their crypto or fiat money to earn interest on loans on the LIQUID exchange platform. The loans can then be taken by any margin trader.

The interest is generated for as long as the loan is running. Once the margin trader has completed the deal funds are returned to the lender instantly.

Users can click on the currency they want to lend and then click Create an offer to choose the amount of the offer. When the offer is taken, it turns into a loan.

The amount offered for the loan is deducted from the account of the lender.

The function “Auto Re-loan” enables users to ask for the same loan again. The payment fee that LIQUID exchange collects is 50% of the interest fee.

Order

A limit order is set to match and fill when the market price meets the limit -- or exceeds it.

The Limit Order is designed to match and fill when the market price hits the limit the user has set. It is also set as the default option and USD is the default currency in this instance.

When placing a Limit Order on the LIQUID exchange platform, there are two options to consider:

  1. Price: Refers to the price at which they are willing to trade BTC (limit price)
  2. Quantity: Refers to the amount of BTC users wish to trade

In the example below, the Trader has set the BTC to be purchased at no higher than $6,600 USD.

Should the market price be set to an amount which exceeds $6,600 USD, the bid will be placed in the order book.

The market price must reach the order price at which the user is buying or selling in order for the Limit order to be filled.

In other words, if the user sets a buy Limit Order at a price which exceeds or matches the market price, their order will be partially filled (this occurs immediately). The same applies if the user sets their sell Limit order at a price which falls below or matches the market price.

Cost and Fees

Before an order has been executed, LIQUID exchange has the ability to automatically calculate the applicable fees.

In order to view the cost and fee breakdown, hover next to cost.

Once the price and quantity have been confirmed, select Place Buy Order.

Users will then be prompted to review and confirm their details one more time in the LIQUID exchange platform.

Users can then click the Submit Order button to confirm and then finalise their order. Alternatively, users can click Dismiss to go back and make any further changes needed.

The Market Price is displayed in real time via the Order book panel. To learn more about this feature, click here: Order Book & Ask vs Bid.

Shortcuts: These shortcuts allow users to quickly BUY or SELL 25%, 50%, 75% or 100% of their balance.

Free Balance displays the amount users have available in their balance for trading or withdrawals.

Security

LIQUID’s products are considered amongst the most compliant services in the crypto world. Their risk officers ensure that external firms prove the level of security. Additionally, compliance training with employees and the management team are conducted on a regular basis. The risk of money laundering and illegal actions is therefore significantly reduced within the LIQUID exchange platform.

Furthermore, the exchange complies with the FATF (Financial Action Task Force) recommendations that prevent illegal action in the digital finance world. The exchange’s state-of-the-art KYC (“Know Your Customer”) tools ensure the best user experience, in as secure an environment as possible.

The company also guarantees 24/7 security with the combination of external and internal surveillance and top-of-the-line tools.

Customer support

LIQUID’s exchange platform has a customer support team that is available for the user all day, every day. The response time takes a few hours, due to the team’s heavy workload, but there are other ways to find answers for crypto and LIQUID exchange account inquiries.

The user can access the support section by clicking the Support button, on the top of the page, on LIQUID’s exchange homepage.

The user will then be taken LIQUID’s exchange platform help center, where he can find answers to his questions by using the search bar or navigating in the articles by selecting the topic that is of interest. There are 12 different topics (e.g. about fees, the referral system, legal questions, etc.) that have been written, by the LIQUID’s exchange platform content team.

If the answers from these posts are not sufficient for the user, there is also the option to contact the support team directly to help with the exchanges. They can do so by sending an email to support@LIQUID.com or by clicking the button at the bottom right corner.

By clicking Send us a message, the user contacts the support team, without leaving the webpage.

In this bubble, besides the contact option, the user can find a search bar where they can search for the topic they are interested in, the operation and load status of the system, and FAQs with walkthroughs about the LIQUID exchange platforms.

This is also accessible from the user’s exchange account dashboard.

LIQUID also has an extensive and frequently updated library of blog posts, where the user can gain information about how to exchange cryptocurrency, company and industry news, and trading insights. By clicking Subscribe, the user has the option to receive these new posts in his email in future.

The user should be aware, though, that these posts must not be considered as financial advice, as they are written by guest authors. Each user has the responsibility to educate him or herself independently on how to exchange cryptocurrency and make financial decisions based on the risk they can afford and their country’s rules and regulations.

Regulations

LIQUID is the only cryptocurrency exchange in the world that is fully compliant and regulated on a country level (Japan), making its entire range of products extremely reliable. The exchange’s goal of becoming fully regulated in more countries, and as part of risk management, LIQUID’s management took the decision to delist assets that could be considered risky from the regulators.

The exchange has created a secure platform that is regulated by the Japanese Financial Services Agency and at the same time, complies with the requirements that have been established from the majority of regulated markets in the rest of the world.

In order for the user to create a verified account on LIQUID and start crypto exchanges, he has to read thoroughly and accept the following: Privacy Policy Risk Disclosure Statement, Trading Rules, and Terms of Use.

Why LIQUID?

LIQUID has a clean and easy-to-use interface, which makes it suitable for users who are just starting their crypto exchange journey. It allows for multiple fiat-to-crypto and crypto-to-crypto pairings, provides great liquidity, and is available in five languages.

This platform was created by keeping in mind all levels of experience, from beginner to professional, offering many options and possibilities. Its low fees, the possibility of using leverage, and lending crypto for interest provides extensive exchange options to even the most demanding crypto trader.

The product of the merging of two major players in the crypto exchange industry QUOINEx and Qryptos, LIQUID combines their extensive knowledge and expertise into one platform.

LIQUID is ideal for frequent traders, as it offers a flexible trading fee structure. The more a user trades, the less trading fees he or she has for the exchanges. LIQUID’s fee structure makes sure that the traders with high trading volume over the last 30 days pay less trading fees. Moreover, by using Qash, which is LIQUID’s own token, the traders have the possibility to gain a 50% trading fee discount.

Conclusion

LIQUID was founded when the two co-owners, Kayamori and Gomez Lozada, decided to make an impact in the financial world. This is a change from a complicated and faulty system to a fluid and transparent market for everyone.

From the very start, LIQUID’s aim has been to include everyone to the global market of crypto exchanges. A revolutionary step towards a fair and open world. Providing the financial instruments for the next generation, LIQUID is the Asian forerunner in this field.

As of today, 300 employees work on moving towards LIQUID’s vision of giving everyone access to financial services day by day.

Note that cryptocurrency is a highly volatile financial market and can drop at any time. Therefore, caution is required while trading and the high risk of participating in the crypto world ought to be taken into account.

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