How Quoine's Liquid Exchange really works

The QUOINE platform has made available a seamless integration of fiat currencies to ensure that users trade using their various currencies. Today, we shall be talking about QUOINE’S LIQUID and how it works. First, let me start by telling you what LIQUID is.

LIQUID is a cryptocurrency trading platform that intends to be the dominant liquidity provider to the crypto ecosystem. LIQUID is a platform that allows users to access the services of broad crypto exchanges network.

LIQUID grant users access to cross-trade between different exchanges without really registering on those platforms - Prime Brokerage. The platform also allows trades and transactions between various currency pairs. For instance, BTC/STD, BTC/ETH and other pairs can be matched together. This activity is expected to enhance the liquidity of all cryptocurrencies listed on the LIQUID exchange.

A disintegrated trading platform and an inadequate volume of liquidity have handicapped the Cryptocurrency markets. LIQUID will assist the process of stabilizing the market and enhance a new development of digital currency traders to sell and buy tokens conveniently. Having known what LIQUID is all about, let's see how it works.

QUOINE’S LIQUID platform enhances the liquidity volume in the cryptocurrency space by allowing individuals to easily purchase cryptocurrency and cash-out to fiat currency.

It is known that every cryptocurrency exchange has created its own liquidity level that is different across the various trading pairs it offers; the volume of liquidity differs among various currency pairs within an exchange. As a result of silos created by exchanges, there might be an increase in the liquidity of an exchange and not on the other. The LIQUID platform combines these reserves or silos and merges them up into a liquidity pool to deliver the highest form of liquidity to their users. To achieve this, QUOINE’S LIQUID includes two types of contributions, we have:

• The Prime Brokerage.

• The World Book.

According to Wikipedia Prime Brokerage includes a series of special services brokerages render to their clients that are undergoing a complex financial instability or challenges. Examples of services offered to these clients are cash management services, loaning of securities, and trade executions among other special services. Prime Brokerage service cannot be provided by every organization, these services are issued by the majority of the largest financial institutions around the world.

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QUOINE’S LIQUID platform basically gives their clients access to special services that are outlined in the World Book section.

As a result of the existence of Prime Brokerage, clients have been given market access to different exchange platforms outlined in the World Book even without registering on any of the exchanges listed. Furthermore, over time QUOINE LTD has established a strong network of partners with different financial institutions (banks) for more than three years to provide a platform where your fiat funds can be easily and rapidly transferred across blockchains.

Other advantages of using Prime Brokerage with QUOINE’S LIQUID include the issuance of loans and building trades with your existing account balances, in other words executing trades with your balances.

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The LIQUID World Book comprises of the orderly combination of prices and orders gathered from exchanges around the world in an order that will ensure better assessment for users. The QUOINE’S LIQUID World Book provides traders (all over the world) with information about countries and their currency, thereby making it easy for them to engage in buying and selling of cryptos with any fiat of their choice.

LIQUID takes advantage of the international or foreign exchange market to generate different trading pairs for a fiat currency that may not have existed through the engagement of an External Aggregate Order Book and the Internal Order Book.

The vision of the team is to grant every individual universal access to a variety of financial services, by employing the ability of their technology through the world book and also creating liquidity pool, they promise to work earnestly with their team as well as their partners to provide free access for individuals to utilize the crypto space, especially those that have not had the opportunity as a result of an underserved market - A market with the availability of fewer services and resources than there
ought to be as a result of some geographical or technological factors and otherwise. They are certain that creating an interaction that will enable financial institutions and banks to be part of the crypto economy will bring about stability to their various sectors.

The QUOINE’S LIQUID World Book makes use of three primary functions to ensure that individuals are provided with the enhanced level of liquidity QUOINE promises, they are:

• Cross Currency Conversion Engine (CCCE)
• Smart Order Routing (SOR)
• Matching Engine (ME)

For the sake of this article, I will be using the abbreviations of the three primary function First of, we will be talking about the Cross Currency Conversion Engine (CCCE).

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Just as the name implies, the CCCE enables an instantaneous conversion across different currencies. This method allows traders to trade between themselves. For example, when converting via the CCCE medium, traders are allowed to trade between themselves. For instance, traders looking for a BTC/SGD pair are allowed to trade with another trader that has that same pair but is in search of ETH/EUR pair. This relationship will create a pool of liquidity, but this strategy will be more efficient when the rate of possible matches increases to create more liquidity.

The SOR technology oversees every form of large-scale exchanges and externally carry-out orders that can't be attended to internally from the World Book. And lastly.

The ME has the ability to process millions of transactions per sec which is why it is known as "the industry leader". The ME is built with an algorithmic code that helps it add and scale new currency pairs as soon as they emerge.

Thanks for reading, I will be coming your way soon with interesting updates as usual. I had a great time, hope you did too? I will be dropping some links that will help your understanding of QUOINE.

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