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Liquid Acquires Type 1 Financial Instruments Business in Japan
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We are pleased to announce that our Japanese subsidiary, QUOINE Corporation, has been registered as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act on October 26, 2021.
Due to the completion of the Type 1 license registration, Liquid intends to expand its cryptocurrency derivative trading services for Japanese users under the Financial Instruments and Exchange Act guidelines.
"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." - Seth Melamed, Chief Operating Officer.
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. We believe in the democratization of financial services through the innovation and services of the blockchain ecosystem.