Acquisition of Liquid by FTX
FTX announced the acquisition of the Liquid group of companies.
The acquisition is expected to close in March 2022, subject to customary closing conditions being satisfied.
Founded in 2014, Quoine was one of the first crypto exchanges to be registered by the FSA in Japan in 2017. In October 2021, Quoine was granted a Type 1 Financial Instruments Business registration by the FSA and continues to offer its customers a platform for derivatives trading. Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s existing Japanese customers will be migrated to Quoine’s platform.
In connection with this acquisition, FTX has also entered into an agreement with Liquid to provide its existing Japanese users with services in compliance with Japanese laws, and will transfer its existing Japanese users to Quoine, with effect from 30 March 2022. Quoine is a wholly-owned subsidiary of Liquid and a licensed Japanese crypto-asset exchange and Type I Financial Instruments Business licensee.
Japanese customers of FTX will receive email notifications with further details on the transition and transfer described above.
FTX and Liquid expect to work together to provide products and liquidity to retail and institutional investors in the Japanese and global markets.
The economic terms of the deal have not been disclosed.
About FTX.COM
FTX.COM is a crypto-asset exchange founded in 2019, by traders, for traders.
As stated in the Terms of Use, FTX.COM is not available to residents of the United States or any other prohibited jurisdiction.
About Liquid
Liquid is one of the world’s leading fintech companies, with offices in Japan, Singapore, and Vietnam; one of the first crypto asset exchangers to be registered by Japan’s Financial Services Agency in 2017; the annual global trading volume of just over US$60 billion in 2019.
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