India’s recently launched in-house central bank digital currency (CBDC) — the digital rupee — is now being tested for offline functionality, revealed Ajay Kumar Choudhary, executive...

The continuing dispute between FTX and its co-founder, Sam Bankman-Fried (SBF), has been making a stir in the cryptocurrency market, with many consumers left...

The Unified Payments Interface (UPI), which is India's national payment network, is now merging with the PayNow quick payment system in Singapore in order...

The real-time payments linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI) has officially gone live today.This will enable customers of participating financial...

Cryptocurrency investors in South Korea, Singapore and Japan were the biggest users of the now bankrupt FTX.com exchange based on the number of monthly...

This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two...

Blockchain Bridge Wormhole Suffers $320 Million Exploit | Crypto Miner Shuts Down 99% of Operations Over Winter Storm | FTX Acquires Japanese FinTech Firm Liquid Group

Japan-headquartered crypto exchange company Liquid Group and all of its operating subsidiaries including Quoine Corporation, today announced it is being acquired by FTX Trading Ltd, a crypto asset exchange offering spot, derivatives, NFTs, and other services. Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s […]

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Crypto exchange FTX is acquiring Japan’s Liquid Group and its operating subsidiaries to bolster up its Asia expansion. The acquisition comes less than 48 hours after FTX raised $400 million at a $32 billion valuation in the latest Series C funding round. According to an official press release, the acquisition deal includes Quoine Corporation and its Singapore subsidiary. In 2017, Quoine was one of the first cryptocurrency exchanges to register with Japan’s Financial Services Agency, the country’s top financial regulator. Liquid said the deal with FTX is set to conclude by the end of March 2022 subject to regulatory and shareholder approval. Once the acquisition is completed, Quoine will gradually start integrating FTX’s products and services into its own platform and thereafter serve all of FTX’s Japanese clients. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s existing Japanese customers will be migrated to Quoine’s platform,” the announcement release reads. “In connection with this acquisition, FTX has also entered into an agreement with Liquid to provide its existing Japanese users with services in compliance with Japanese laws, and will transfer its existing Japanese users to Quoine.” Liquid-FTX Connections Founded in 2014, Liquid is one of the world’s largest crypto exchanges in daily trading volume, with nearly $72 million, according to CoinMarketCap. The platform offers both spot trading and financial derivatives. FTX is one of the leading centralized crypto exchanges with a daily trading volume above $10 billion across spot and derivatives markets, per CoinGecko. FTX is already familiar with Liquid. In August 2021, when Liquid was hacked for more than $90 million, FTX came to its rescue and provided $120 million in debt financing to help cover its losses.

The post FTX Buys Japanese Crypto Exchange Liquid Group for Asia Expansion appeared first on Cryptoknowmics-Crypto News and Media Platform.

Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX […]

FTX considers acquiring the Japanese fintech liquid group company and it will integrate the offerings into the ecosystem as we can see further in our latest crypto news. Sam Bankman Friends FTX considers acquiring a Japanese Fintech Liquid Group company and all of its operating subsidiaries. Among them is Quoine Corporation one of the biggest […]

FTX Derivatives Exchange has acquired Japanese digital assets brokerage firm, Liquid Group, and its existing subsidiaries Quinone Corporation and Quinone Pte in Singapore. (Read More)