Japanese Unicorn Liquid acts as a joint venture because it concerns American expansion

2 min read

Crypto trading platform Liquid has entered into a joint venture with Virtual Currency Partners to enter the US market, Cointelegraph Japan reported on May 15.

The Japanese company, which obtained unicorn status after financing, estimated its value at more than $ 1 billion last month, according to the new company known as Liquid Financial USA.

In a press release, Liquid added that it allows US customers to use and trade qash, their own token, subject to regulatory approval.

The new company has already acquired IQX, a company registered with the Financial Crimes Enforcement Network.

Kariya Kashimori, the co-founder and CEO of Liquid Group, said:

"The United States is one of & # 39; the world's largest markets for the virtual currency industry, and our community and customers and institutional investors are very interested in providing services to the American market."

Liquid says it is now building a team in the United States to serve customers there by the beginning of 2020.

The parent company, Quoine, is a fintech company under license from the Japanese Financial Services Agency. One of Quoine's directors, Katsuya Konno, told Cointelegraph last month that Liquid is planning to use his newly unlocked funding to fuel global expansion, enter the security token market and develop his major trading exchange. activities.

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Don Bradman

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