Quoine, a crypto exchange business operating Liquid.com with head office in Japan and workplaces in Singapore and Vietnam, today revealed that its Japanese subsidiary, Quoine Corporation, has actually been signed up as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.
Due to the conclusion of the Type 1 license registration, Liquid plans to broaden its cryptocurrency acquired trading services for Japanese users under the Financial Instruments and Exchange Act standards.
“The Type 1 license issuance is the culmination of a great deal of preparation and collaboration by the entire Liquid team. It is also a validation that trading derivatives in crypto can be done in a compliant manner with full customer protections & transparency. We look forward to bringing innovative, customer-centric, and compliant derivatives products to Japan that meet the needs of both retail and institutional market participants. We are focused on providing our customers with access to new crypto assets, products, and services that are relevant to their demands. As one of the first regulated exchanges in Japan in addition to being issued the Type 1 license, we deeply value compliance with laws and regulations to ensure that we continue to provide an environment where customers can trade cryptocurrencies safely and securely.”
– Seth Melamed, Chief Operating Officer of Quoine