- Liquid enters the joint project with Virtual Currency to break into the market.
- CEO of Liquid Group says that the US is one of the biggest markets for cryptocurrency in the world.
Emerging in the crypto atmosphere of another country requires a little collaboration, which Liquid has found in their efforts. The crypto trading platform has created a joint venture with Virtual Currency Partners, which will allow them to get into the US market, according to Cointelegraph Japan’s report on May 15th.
After reaching $1 billion in their valuation last month, the Japanese company was given unicorn status. Now, the venture that Liquid will be taking on will be called Liquid Financial USA, which will introduce the US to their native token – qash – for trading and other activities. However, the crypto asset is still waiting for approval from regulators to function.
So far, the venture has acquired a company that the Financial Crimes Enforcement Network has already registered – IQX. The co-founder and CEO of Liquid Group, Kariya Kashimori, commented that the United States has one of the biggest markets for cryptocurrency in the world. This activity is what has sparked interest amongst the community and clients of qash, and Liquid is hoping to serve customers in the US by the beginning of next year.
Quoine, the parent company, is already licensed by the Financial Services Agency in Japan. Director Katsuya Konno of Quoine spoke last month about the ways that the changes will be used for global expansion. This path also includes entry to the security token market and the development of the trading business for Liquid and Quoine.