Liquid, established in 2014 by Quoine, emerged as a prominent cryptocurrency exchange platform offering a range of services including spot trading, margin trading, and leveraged Bitcoin CFDs. The platform gained recognition for its user-friendly interface and regulatory compliance, particularly in Japan. In 2019, Liquid expanded its offerings with the launch of Liquid Infinity, enabling traders to engage in leveraged Bitcoin contracts with up to 100x leverage. The same year, the company announced plans to enter the U.S. market through a joint venture with Virtual Currency Partners, aiming to broaden its global footprint. In 2022, Liquid was acquired by FTX Trading Ltd., a major cryptocurrency exchange, integrating Liquid’s services into the FTX ecosystem. However, following FTX’s bankruptcy in November 2022, Liquid ceased its independent operations, and its website now directs users to FTX’s claims portal, marking the end of Liquid’s standalone presence in the cryptocurrency market.
