- The transaction will be completed at the end of March this year
The company entered into a deal to purchase the Liquid Group crypto exchange
Japanese customer service will be conducted through the Quoine platform
This is one of the 20 exchanges that have been approved by the FSA to trade derivatives and assets
The press release was published today, February 1st. The deal is expected to close by the end of March this year. Local users are encouraged to migrate to the Quoine platform.
The specified marketplace is approved by the Financial Services Agency (FSA), which will allow FTX to fully legally enter the local market. However, through the “daughter” of Liquid, the crypto exchange is going to serve not only local, but also large global clients.
The transition of FTX users to the Quoine platform will begin 02 March. By entering into an agreement, the company is obliged to comply with local laws, so that it can no longer provide services “in the dark”.
The transaction amount was not disclosed. However, in 2019 the market value of Liquid Group was over one billion dollars. The announcement of the agreement came amid a major investment round completed by FTX on Monday, February 1st. The company raised 300 mln dollars at a valuation of 02 billion