Unicorn alert: Japanese Bitcoin exchange receives billion valuation

the The Japanese Bitcoin exchange Liquid.com was able to complete the first round of Series C investment round successfully. Through the participation of IDG Capital, and Bitmain Technologies, the company estimated the value of the Exchange is now on over a billion dollars. A Unicorn was born.

By Christopher clover
3. April 2019BTC$4.995,86 5.54%part Facebook Twitter LinkedIn xing mail

it is Japan's second "Unicorn" in the Tech sector: the Bitcoin stock market Liquid.com. In order to get the metaphorical Status of a "unicorn" award, a company must meet two conditions: first, there must be a Start-up; secondly, it has to come to a valuation of a billion dollars. Liquid.com meets these conditions, at least according to the press release, the the Start-up on 3. April published. The crypto-to be announced-Fiat-platform the successful completion of a first round of financing in a Series C Funding. The enterprise value of Liquid.com is now estimated at a billion dollars.

the main investor is the Investment firm IDG Capital. IDG had already previously invested in crypto projects, including Ripple and Coinbase . Also, the Bitcoin Mining market leader, Bitmain is part of the crypto-Portfolios of IDG Capital. Bitmain Technologies is, however, itself one of the main investors in Liquid.com.

In the press release to find Bitmain-co-founder Jihan Wu words of praise for the crypto-location Japan:

Japan is one of the leading Nations when it comes to the crypto-industry, under proper regulations, and the Liquid Group has proved to be an exemplary actor within such a compliant rules. [...]

Japan: Bitcoin exchanges

self-regulate in fact, the Japanese financial supervision in the autumn of 2018 has made for greater clarity in questions of regulation, especially of Bitcoin exchanges–. If you want to register a crypto-stock exchange, must initially 400 questions comprehensive catalog. After receipt of the license, Japanese Virtual-Currency Exchange Association (JVCEA) monitors– an amalgamation of all the Japanese Bitcoin exchanges – compliance with the requirements of the financial Supervisory authorities. Say: The Japanese Bitcoin exchanges regulate themselves as far as possible self. In addition, Japanese FinTech-Start-ups – differently than here – the possibility, first, in the regulatory sand box to try out.

Ambitious Roadmap

Liquid.com offers Fiat-to-crypto Trading. The fresh investor money intended to extend the platform with various Features. On the Plan the development of its own distributed Ledger (Liquid Distributed Ledger, LDL), as well as a Rebranding of the in-house QASH as a "Liquid tokens" are available. The development of LDL, on the FinTech companies and financial service providers, their products will build, but there is still in the pre-Alpha Phase. The successful investment round paves the unicorn, however, the path to accelerated implementation of the Roadmap.

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