Quoine: The crypto switch connecting cryptocurrency exchanges around the world.

in #quoine5 years ago (edited)

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I'm conscious of how this new advancement in the crypto space is going to get everyone tickled pink. Imagine if you are selling 100 Bitcoin on Binance then your order gets matched to a buyer on Bitfinex in the comfort of your home Yikes, absolutely amazing! let me get to the bottom of this new liquid Qash project ran by Quoine that has an ambition of connecting as many crypto exchanges as possible to create a liquidity pool.

From the time of birth of cryptocurrency trading, liquidity has been a hurdle for most of the exchanges and it justifies why we all go through a number of exchanges trading fiat to BTC or ETH before trading our preferred coin, and the same happens when we want to cash out so the Liquid Qash project has an inclination to give everyone the access to premium financial services.


What is the liquid Quash project ?


Liquid Quash is a blockchain project that was devised by Quoine, a financial service company that provides trading, financial and exchange services, what's more, it has a primary goal of building a common liquidity pool for all the exchanges. The nerve centre of this project is in Japan and engrossingly it is the first ever cryptocurrency project in the world to be officially licensed by the Japan Financial Service Agency. At present, the project is hitting it big with its advanced QUOINEX and QRYPTO's trading platform with annual transactions of over $12 billion.


What does Liquid Quash do to attain its Primary goal?


Liquid Quash is able to achieve this by embracing two main offerings that comprise of the world book and prime brokerage.

World book.

In simple terms, the world book is a multi-market order book that lists prices and orders from exchanges around the globe consequently giving anyone the ability to purchase or sell digital currencies using fiat currencies in the palm of their hand. The world book allows you to place orders in the currency of your choice and it is based on three working systems namely:

  1. Matching Engine (ME)
    It is a very modern matching engine and its intent is to process millions of transactions every second as well as support a very high number of crypto token pairs

  2. Cross Currency Conversion Engine(CCCE)
    It allows automated currency conversions on the spot, to make head and tail of this. Let us take an example, If two clients of the world book (I) and (B) are both trading ETH but client I is trading it in EUR and client B in Singapore dollars(SGD) so to make this work a Forex conversion using SGD/EUR must be added to the transaction to complete the match.

  3. Smart Order Routing (SOR)
    It forwards orders quickly to the reputable exchanges around the world and it executes orders that cannot be internally matched by the world book.

Prime Brokerage.

It is comprised by a suite of services that provides users with tools to diminish counterparty risks as well as increase ROI. The prime brokerage parcel includes direct market access, Fiat Management and credit facilities. Literally, the prime brokerage gives the users a golden opportunity to trade directly on any global exchange without having an account or funds on those exchanges.

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What is the experience of the team members?


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For all cryptocurrency projects, it is of prime importance to look out more on the experience of the team before investing in the project. The liquid Qash project has a stellar team with over 250 years of combined experience in Finance and technology. Over and above this, the team members have a great reputation in Forex IT, IT, Algos, Equity trading systems and FICC(Fixed Income, Currencies and Commodities). In addition, the management team has worked at different financial institutions, for example, Bank of America Merrill Lynch, Credit Suisse, Citi group etc. Furthermore, the team has engaged in the internet and technology institutes as well.

Conclusion

Quoine is solving a very big obstacle of liquidity in the crypto space with its corporate style and that is enough to give the project publicity. In addition, the team has brilliant ideas and experience to move the project forward. From a personal perspective, the project is worth investing in simply because everything about it is very clear. Especially the enthusiastic goals, the project is also on track of its roadmap.

Links to the project.

Quoine website

Quoine products and services

Quoine Team

Quoine Facebook page

Quoine Twitter page

Disclaimer:
The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article reflects my understanding of the project.

Thank you!

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Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
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Thank you for introducing Japanese blockchain company.

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ooh, your welcome @yasu24...

Yes @showershormones it is a very great project and I'm pretty sure it will achieve its goal
Thanks for passing by and by the way you are welcome to steemit ... Enjoy the party !!!

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