Global fintech firm QUOINE has entered into a strategic partnership with Bitfinex, a cryptocurrency exchange, to improve liquidity across the cryptocurrency and fiat markets. In order to foster adoption, project financing, and price discovery, the two companies believe that enabling liquidity will be crucial with the rise of ICOs as a funding tool.
The QUOINE-Bitfinex strategic partnership will strengthen the QUOINE LIQUID platform which seeks to provide and attract liquidity to address the needs of businesses and their stakeholders. It will also provide more choices for Bitfinex customers with a new token, QASH, issued by QUOINE to transact at lower rates on the QUOINE LIQUID platform.
Mike Kayamori, CEO and Co-founder of QUOINE, said: “Bitfinex is one of the largest cryptocurrency exchanges globally, and we have built a long-standing partnership of trust with them over a long period of time. We are pleased to work with Bitfinex and we share a common vision to build a more liquid crypto economy. Each cryptocurrency exchange is not a rival, but a partner to contribute to a more liquid crypto world.”
Following the trend and launching its own ICO, QUOINE will be the first licensed global cryptocurrency exchange in Japan to launch a global ICO, also known as the QASH Token Sale. QUOINE’s Japanese entity, QUOINE Corporation, officially received its license from the Japan Financial Services Agency last month. The QASH Token Sale begins on the 6th of November with a 20% discount for the first three days of the Token Sale. Another key feature of the partnership is that Bitfinex will support the QASH Token Sale by listing the QASH token at a later date once the ICO is concluded.
CEO of Bitfinex, JL van der Velde remarked: “We are excited for the promise of this strategic alliance. We have a long-standing relationship with QUOINE and think that they are well-placed to become a global player in this space. QASH is a very interesting token and, when listed, it will give our customers additional optionality and deepen our liquidity.”