Liquid Launches Crypto Trading Application for Mobile

Japanese cryptocurrency trading company Liquid announced on Tuesday that it is launching a new mobile application.

Currently, the application - Liquid Pro - is available to download for iOS and Android mobile phones. For users in Liquid’s home country, there is a Japanese-only version of the application called Liquid Lite.

The new mobile application is aimed specifically at professional traders.

Users of the application can open and close margin trades, with up to 25:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term, in a number of crypto/fiat currency pairs.

For the technical analysis experts, Liquid Pro offers a set of charting tools for mobile. The new trading app also has a number of indicators and other features for trade analysis.

According to Liquid, the new application was launched in response to customer demand.

“Liquid Pro was developed based on feedback from a broad cross-section of professional traders, who helped us identify what would be most important for them to have in a crypto trading app,” said Mike Kayamori, Liquid’s chief executive officer.

“Our market research highlighted a need for pro traders to be able to more effectively, conveniently make trades and manage positions while away from a computer.”

Solid security

Aside from trading tools, Liquid has also added a new security feature to its application.

The crypto trading firm said that it had added a biometric security measure that means a trader can unlock an account with their fingertips. Liquid already keeps client deposits in Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term facilities.

Although the new application is likely to be welcomed by Liquid’s clients, the company is a little late to the professional game.

With the retail market drying up, crypto firms have been putting out professional products for months now in an effort to onboard institutional - or higher net worth - clients.