A subsidiary of the Japanese cryptocurrency exchange Liquid, Quoine Corporation, received a license from the Japanese regulator to do business with financial derivatives of type I.
Liquid will be able to start
trade derivatives on its platform and will offer investment opportunities to retail and institutional clients. The exact date of the start of trading has not yet been disclosed.
Liquid exchange was founded in 2014, now it has more than 800,000 clients and a maximum daily trading volume of 1.1 billion. The platform operates in accordance with the Japanese Payment Services Law through the Quoine Corporation Exchange. In addition, Quoine Corporation has applied for a license from the Monetary Authority of Singapore.
Liquid COO Seth Melamed spoke about the importance of regulating the cryptocurrency sector:
“Obtaining a license is the result of a long teamwork of the Liquid team. This is a confirmation that trading in derivative financial instruments in cryptocurrency can be carried out in accordance with the requirements of regulators and with full client protection. ”
In early October, Notabene partnered with seven companies including Liquid to successfully complete cross-border transaction testing in collaboration with the Financial Services Regulatory Authority (FSRA).
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