A symbiotic relationship was officially formed in the cryptosphere when QUOINE, ZB.com, and BW.com announced that they will be combining forces. QUOINE’s trading platform, QUOINE LIQUID, will gain liquidity from BW’s mining operation, while QUOINE and BW customers will be able to use the ZB wallet and exchange to store and trade their cryptocoins.
QUOINE Making Global Strides in Fintech
QUOINE is a fintech company that uses blockchain technology to power the exchanges and financial services that it offers. QUOINE was the first licensed cryptocurrency exchange in Japan to hold a global ICO, which occurred in September of 2017. QUOINE’s part in this three-legged collaboration centers around its trading platform, QUOINE LIQUID, and its native currency, QASH, which can be used to transact at lower rates on the QUOINE platform.
QUOINE’s mission to increase crypto market liquidity is evident in some of the other services it offers. In addition to QUOINE LIQUID, QUOINE also offers QUOINEX, a Bitcoin exchange offering a large number of trading pairs against various fiat currencies, including the Japanese yen, the US dollar, the Singapore dollar, and about five more.
BW’s Mining Services Will Increase Liquidity on QUOINE LIQUID
QUOINE LIQUID will join with BW.com to create a “borderless liquidity pool”, according to a representative for BW.com. Mike Kayamori, CEO and founder of QUOINE noted that “building global liquidity requires substantial industry support from various players in the cryptocurrency markets.” Kayamori added that BW’s “mining solutions…will enhance global liquidity for all cryptocurrencies.”
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BW’s mining platform was founded in 2014, and aims to provide a variety of Bitcoin mining products and services in one place. These products and services include mining chip development, a mining pool, Bitcoin cloud mining, and an interest-bearing wallet.
ZB’s 500,000 registered users will also undoubtedly benefit from the liquidity created by this partnership. Additionally, ZB.com, which is based in China, will hopefully gain a bit of legal stability from this international collaboration – Chinese domestic exchanges were technically ordered to shut down operations in September.
While the future is unknown, it does seem clear that these three companies have much to gain from working together. As the cryptosphere continues to expand, we can also expect to see many more collaborations between crypto companies.