Liquid Perpetuals Crypto Exchange Review: A Comprehensive Guide
Overview and General Information
Liquid Perpetuals, a prominent global cryptocurrency exchange, offers a comprehensive suite of trading and financial services powered by blockchain technology. Founded in 2014 by Quoine, its parent company, Liquid boasts a significant presence in the cryptocurrency market. With headquarters in Japan and offices spanning Singapore, Vietnam, and the USA, the exchange operates under stringent regulatory frameworks. This review delves into the platform's background, features, security measures, and overall suitability for various user types.
Background and History of the Company: Established in 2014 by Quoine, Liquid's history reflects its commitment to providing secure and advanced trading solutions. Its global reach, evident in its multiple office locations, signifies its ambition to be a leading player in the international cryptocurrency landscape.
Regulation and Certifications: Liquid operates under a robust regulatory framework, holding significant licenses to ensure compliance and trustworthiness. Its official licensing as a Virtual Currency Exchange by the Japan Financial Services Agency highlights its commitment to operating within a regulated environment. Furthermore, its application for the Major Payment Institution license under the Singapore Payment Services Act further reinforces its adherence to international financial regulations.
Products and Services Offered by Liquid Perpetuals Crypto Exchange
Liquid Perpetuals provides a broad spectrum of services catering to both novice and experienced cryptocurrency traders. Its core offerings include:
Details of Main Products:
- Cryptocurrency Trading: Users can trade a wide range of major cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), against various fiat currency pairs, including Japanese yen (JPY), US dollar (USD), Singapore dollar (SGD), Australian dollar (AUD), and euro (EUR).
- Margin Trading: Liquid offers margin trading with leverage up to 100x for selected crypto-fiat pairings. This allows traders to amplify their potential profits (and losses), but it's crucial to understand the inherent risks involved before engaging in this type of trading.
- Liquid Infinity: This service provides Bitcoin Contracts For Difference (CFDs), allowing traders to speculate on Bitcoin's price movement with up to 100x leverage. Similar to margin trading, CFDs carry significant risk and should only be undertaken by experienced traders who fully grasp the potential consequences.
Additional and Special Services:
- World Book Technology: This proprietary technology enhances price matching and liquidity across different fiat and cryptocurrency pairs, ensuring competitive pricing and smoother trading experiences.
- Proprietary Trading Platform: Liquid provides a sophisticated trading platform designed to meet the needs of professional traders, offering advanced charting tools, order types, and analytical features.
- KYC Compliance: The exchange adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring the safety and security of both individual and corporate accounts. This rigorous approach helps to prevent fraud and maintain a secure trading environment.
- Quick Exchange: This feature allows users to quickly and easily convert fiat currencies to cryptocurrencies and vice versa, facilitating seamless trading and portfolio management.
Product Features and Conditions
Liquid Perpetuals distinguishes itself through several key features and operational characteristics:
- High Trading Volume: The exchange has consistently demonstrated high trading volumes, exceeding $50 billion in a 12-month period as of July 2018, indicating strong market participation and liquidity.
- Extensive Customer Base: With over 800,000 customers worldwide, Liquid caters to a diverse international clientele, further solidifying its position as a major player in the cryptocurrency market.
- Diverse Token Listings: The platform supports over 80 tokens, offering users a wide selection of digital assets to trade and invest in.
Contact Channels and Customer Support
Liquid prioritizes providing readily accessible and responsive customer support:
Contact Methods:
- Email: Users can contact Liquid via email at [email protected]
- Website Support: Comprehensive customer support is available 24/7 through the Liquid website.
Service Hours and Support Quality: Liquid’s 24/7 availability ensures that assistance is always at hand, regardless of time zone.
Pros and Cons of Liquid Perpetuals Crypto Exchange
Like any platform, Liquid Perpetuals presents both advantages and disadvantages:
Pros
- Regulation: Its regulation in Japan offers a significant level of security and trustworthiness for users.
- Liquidity: The exchange boasts deep liquidity, facilitated by its World Book technology, enabling efficient execution of trades.
- User Experience: Liquid is committed to providing a user-friendly and intuitive trading experience, even for those new to cryptocurrency trading, through clear instructions and comprehensive tutorials.
- Security Measures: The platform implements robust security measures including two-factor authentication, cooling-off periods, withdrawal protection, IP address whitelisting, and cold wallet storage, prioritizing user asset security.
Cons
- Complexity: The advanced features, such as margin trading and CFDs, may be overwhelming for beginners. A thorough understanding of these instruments is crucial before using them.
- Geographical Limitations: The availability of specific services may be restricted depending on the user's location.
Summary of Liquid Perpetuals Crypto Exchange Review
Who is it Best Suited For?
Liquid Perpetuals caters particularly well to:
- Institutional Investors: Its institutional-grade exchange and access to various markets and fiat gateways make it an attractive choice for large-scale investors and blockchain projects.
- Experienced Individual Traders: Individual traders seeking advanced trading features, high liquidity, and a range of assets will find Liquid a suitable platform. The high leverage options, however, should be approached with caution.
Final Thoughts on Value and Choosing the Company:
Liquid Perpetuals delivers a comprehensive package of financial services built on blockchain technology. Its focus on security, advanced trading tools, and regulated operations positions it strongly within the crypto-fiat space. Users who prioritize security, extensive liquidity, and sophisticated trading functionalities will likely find Liquid a valuable platform. However, beginners should carefully consider the complexity of certain services before engaging.
Frequently Asked Questions about Liquid Perpetuals Crypto Exchange
Q: What is Liquid?
A: Liquid is a leading global fintech company operating Liquid.com, a global cryptocurrency platform offering trading, exchange, and next-generation financial services powered by blockchain technology.
Q: What are the security measures implemented by Liquid?
A: Liquid employs multiple layers of security, including two-factor authentication, cooling-off periods for withdrawals, withdrawal protection mechanisms, IP address whitelisting for enhanced account access control, and the secure storage of crypto assets in cold wallets.
References
[1] https://cryptopro.app/what-is-liquid/
[3] https://www.liquid.com/company/
[5] https://leadiq.com/c/liquid/100dd48d4c1b6efee69211b265
