November 2, 2018 10:27 PM
The stablecoin is increasing its reach.
Liquid will add the Winklevoss twins' Gemini dollar (GUSD) stablecoin to its new but growing exchange.
Liquid has announced[1] the partnership, which it declares will add "much-needed liquidity" to the cryptocurrency space. Liquid and Cameron and Tyler Winklevoss' Gemini Trust Company LLC will prioritize "compliance, regulation and security."
FinTech firm Quoine, founded in 2014, introduced its own cryptocurrency QASH via an ICO in 2017. Its Liquid exchange is more recent, launching in September 2018. It lists over 150 cryptocurrencies and offers fiat-cryptocurrency trading pairs with US dollars, Euros, and Japanese yen, giving it the potential to be a popular exchange. It currently ranks 78th among cryptocurrency exchanges by adjusted daily trading volume, according to CoinMarketCap.com
Gemini will take part in Liquid's External World Book, a pool of liquidity that could allow traders to access a global order book from the perspective of their own base currency. In such a system, traders can take advantage of higher liquidity and tighter spreads.
From the outset, increasing liquidity has been Liquid's goal. QUOINE's vision is a "single, globally-sourced trading platform". There are already many exchanges signed up to participate in Liquid's global pool. It believes the pool, if widely used, could enable faster transactions for every desired currency or coin combination.
The External World Book is already active internally on the Liquid platform for select trading pairs. Adding a stablecoin like GUSD to it is likely a move to increase the popularity of the both GUSD and Liquid, as traders seeker more liquidity in the cryptocurrency marketplace.
Gemini, with its links to Nasdaq and bitcoin-based ETF applications, has worked closely with regulators for some time. GUSD, a regulated stablecoin[2] pegged to the US dollar,
