Today, Liquid Exchange announced that they are close to launch the External World Book.
What is the World Book?
The technology of the MMO (Multi Market Order Book) is separated in two technologies:
The internal world book and the external world book.
The internal one is running on Liquid since more than a year now. It matches orders of different Fiat Pairs to provide more liquidity for pairs with lesser volume.
Example: Liquid has the highest volume of BTC/JPY in the world. The internal world book makes it possible to matches the orders of BTC/JPY with orders of other pairs like BTC/USD or BTC/EUR. The volume of these pairs are relatively small on Liquid, but the internal world book technology makes it possible to spot and margin trade BTC/USD on Liquid with a tight spread and good liquidity.
Liquid is regulated in Japan by the JFSA, there is no wash trading on Liquid. The volume and Liquidity on Liquid is 100% real. The internal world book makes it possible to provide liquidity even for smaller trading pairs.
So let's go back to the initial news:
Today Liquid announced that their external World Book Technology is close to launch and it probably will be released this year.
It combines the Liquidity/Order Books of regulated exchanges. Yes you heard right. Liquid will combine the order books of exchanges.
They didn't announce the names of these exchanges, but this is what we know:
"Our own liquidity is pooled with that of other exchanges. Initially we are going live with two of the largest cryptocurrency exchanges in the world, ranked by volume. We can't tell you who they are because of the nature of the agreements we have in place with those exchanges, but we're certain you know them by name and reputation."
They will start to implement the technology for all BTC, ETH, LTC, XRP and BCH pairs on Liquid.
What does this mean for Liquid customers?
External World Book will provide:
- Providing price stability on the Liquid cryptocurrency exchange platform.
- Increasing the depth of the Liquid order book by providing continuous quotes.
- Sourcing liquidity from other exchanges.
Anything else?
Liquid added a few really nice features and technologies to provide the best trading experience.
Their recent additions for traders include:
- Liquid Tap, their proprietary WebSocket service.
- Fast, secure withdrawals leveraging MPC technology.
- Quick Exchange, instantly swap cryptocurrency for another.
- No-touch API initiated withdrawals.
Btw, Liquid has one of the lowest trading fees compared to all exchanges out there (0.1%).
Liquid also have a native token, called "Qash". You can get a discount of 50% on trading fees if you pay your fees with Qash (0.1% --> 0.05%).
You want to know more about Liquid Exchange?
I wrote a detailed review on publish0x, i hope it will answer most of your questions:
https://www.publish0x.com/liquid-and-qash/why-liquid-exchange-worth-try-xxroyq
You don't have a Liquid Account?
Then i would be so glad if you use my ref link :)
https://www.liquid.com?affiliate=Rqror1Gv576954
Thank you for reading, guys. I hope you enjoyed!
