Singapore crypto exchange and fintech company QUOINE continues making deals in the development of its crypto platforms, especially its newly announced LIQUID platform, which aims to provide enhanced liquidity across fragmented cryptocurrency markets. Today, QUOINE announced they have partnered with Canadian fintech startup Blockwave to bring blockchain fintech services to Canada, starting with the launch of a cryptocurrency exchange before the end of 2017.
Mike Kayamori, CEO and Co-founder of QUOINE, stated:
“We see a lot of opportunity for QUOINE to serve the Canadian market more effectively with a local, trusted partner. At QUOINE, we believe in collaboration with fintech startups to help drive our mission to democratize finance by growing the crypto economy. This is why we have launched our own ICO, or QASH Token Sale. We envision QASH to be the token of choice for fintech startups and financial institutions.”
“At a micro level, because we are the issuers of QASH, we will work with fintech startups to structure promotions and incentive schemes for their users and all QUOINE services, including QUOINEX. Our partnership with Blockwave is a first step in that direction for a fruitful collaboration to build up liquidity for cryptocurrency markets in Canada with our high performance platforms, the QASH token, and in-house team expertise.”
Nick Chong, founder of Blockwave, added:
“This year, we expect the Canadian cryptocurrency exchange market to reach an annual volume of CAD $1.5 billion on 275,000 BTC, which is a 10x increase compared to 2016*. After the closure of several domestic exchanges over the past few years, and the retraction of a number of US-based exchanges from the Canadian market last year, Canadian cryptocurrency traders are left with only a handful of choices when it comes to dealing with reliable and reputable exchanges. Our goal is to become a major player in the industry, and thanks to our partnership with QUOINE we will bring higher levels of crypto liquidity to Canada and advanced trading features, such as margin-trading, that were previously not available to Canadians.”
The partnership will leverage on QUOINE’s deep expertise in Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. QUOINE was among the first batch of global crypto fintech companies to receive an official license from the Japan Financial Services Agency (JFSA) on Friday, 29th September 2017 and has also received a comprehensive review from a Big 4 Firm. Going forward, QUOINE and Blockwave plan to launch margin-trading features in 2018.
Also announced, QUOINE joined forces with STOX to support the prediction market platform’s entrance into the Asian market. Thanks to the partnership, the Stox token is now listed on QRYPTOS, the secure ICO listing and cryptocurrency only trading exchange.
Further, Stox is currently in the compliance process of Japanese FSA registration, in order to be listed on QUOINEX, the QUOINE cryptocurrency exchange, which, as mentioned, is now fully regulated in Japan. As part of its Asia expansion, Stox will refer to best practices from QUOINE to go through the compliance process.