QUOINE Forms Partnership With Blockwave to Expand Cryptocurrency Exchange Services In Canada

Global crypto fintech company QUOINE announced on Thursday it has formed a partnership with Canadian fintech startup Blockwave to bring blockchain fintech services to Canada, starting with the launch of a cryptocurrency exchange before the end of this year. The company revealed that it will deploy its best-in-class trading engine powering its bitcoin exchange and trading platform, QUOINEX, to deliver the same high trading performance for Canadian customers. This includes:

  • Efficient trade execution with QUOINE’s superior matching engine, capable of processing close to one million transactions per second
  • Analysis tools including trend indicators, live charts, and essential charting tools
  • A secure trading platform that uses multi-factor authentication, dedicated private servers, and Bitcoin multi-sig wallets placed in an offline cold storage

Speaking about the partnership and expansion, Mike Kayamori, CEO and Co-founder of QUOINE, stated:

“We see a lot of opportunity for QUOINE to serve the Canadian market more effectively with a local, trusted partner. At QUOINE, we believe in collaboration with fintech startups to help drive our mission to democratize finance by growing the crypto economy. We envision QASH to be the token of choice for fintech startups and financial institutions. At a micro level, because we are the issuers of QASH, we will work with fintech startups to structure promotions and incentive schemes for their users and all QUOINE services, including QUOINEX. Our partnership with Blockwave is a first step in that direction for a fruitful collaboration to build up liquidity for cryptocurrency markets in Canada with our high performance platforms, the QASH token, and in-house team expertise.

Nick Chong, Founder of Blockwave, also commented:

 “This year, we expect the Canadian cryptocurrency exchange market to reach an annual volume of CAD $1.5 billion on 275,000 BTC, which is a 10x increase compared to 2016*. After the closure of several domestic exchanges over the past few years, and the retraction of a number of US-based exchanges from the Canadian market last year, Canadian cryptocurrency traders are left with only a handful of choices when it comes to dealing with reliable and reputable exchanges. Our goal is to become a major player in the industry, and thanks to our partnership with QUOINE we will bring higher levels of crypto liquidity to Canada and advanced trading features, such as margin-trading, that were previously not available to Canadians. “

QUOINE went on to add that the partnership will leverage on its deep expertise in Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. Going forward, QUOINE and Blockwave plan to launch margin-trading features in 2018.

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