Global fintech firm QUOINE announced on Friday it has formed strategic partnerships with Japanese cryptocurrency exchange Binance, cryptocurrency wallet ZB.com, and mining platform BW.com. The collaboration announcements come just after QUOINE formed a partnership with Blockwave to expand cryptocurrency exchange services in Canada.
QUOINE revealed that Binance will be able to provide improved liquidity for the platform as well as access to a large selection of altcoins. Binance CEO, Changpeng Zhao, stated:
“We have been in constant communication with QUOINE and believe they have a professional team with abundant experience in banking and finance. It did not take us long to decide on having a strategic partnership with them, and we believe together we can provide global traders with a more comprehensive range of services. We hope that in the future, Binance will be able to enter into further collaborations with other exchanges for similar fiat-crypto co-operations.”
Mike Kayamori, CEO and Co-founder of QUOINE, shared:
“Binance and QUOINE are market leaders for global cryptocurrency trading platforms and our volumes make both Binance and QUOINE among the largest cryptocurrency exchanges globally. We are proud to share an aligned strategic vision with Binance to build globalized, liquid markets for the crypto economy.”
The fintech company also explained that its partnership with ZB.com and BW.com will create a borderless liquidity pool through QUOINE LIQUID, a global trading platform backed by QASH. QASH is the native currency of QUOINE LIQUID, and can be used to transact at lower rates. BW.com representative then explained:
“As a major mining force in the crypto industry, we need solutions for our daily inventory. The partnership will create a borderless liquidity pool through QUOINE LIQUID, a global trading platform backed by QASH. QASH is the native currency of QUOINE LIQUID, and can be used to transact at lower rates. BW.com will support the development of QUOINE LIQUID through sourcing the two-way demands on our own inventory. As a miner, we believe liquidity platforms such as QUOINE LIQUID will reinforce the crypto community with rich fluidity.”
Kayamori added:
“Building global liquidity requires substantial industry support from various players in the cryptocurrency markets. We highly support all mining solutions that BW is developing and believe they will enhance global liquidity for all cryptocurrencies.”