The Singapore-based cryptocurrency fintech company Quoine announced it has launched Qryptos – a digital currency-only exchange and trading platform.
It is geared towards both retail and institutional clients and offers trading in major cryptocurrencies such as Bitcoin (BTC), XRP, Ethereum (ETH), Zcash (ZEC), Ethereum Classic (ETC), Litecoin (LTC), and Monero (XMR). More will be added soon.
Quoine says it has designed Qryptos with convenience in mind and provides asset protection and secure trading with multi-factor authentication, dedicated private servers, and Bitcoin multisig wallets placed in an offline cold storage. Additionally, the new trading platform is fully compliant with global Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.
Qryptos is featuring Quoine’s matching engine capable of processing close to one million transactions per second. There are also analysis tools including trend indicators, live charts, and essential charting tools, free for Qryptos customers.
Currently Qryptos is available in beta desktop version at www.qryptos.com.
“We are excited to launch a digital first cryptocurrency exchange to support the rapidly growing use of cryptocurrencies in the global FinTech ecosystem,” stated Co-Founder and CEO of Quoine, Mike Kayamori. “As part of our fully digital service, customers do not need to open a bank account to start trading on Qryptos. Instead, they can use their digital currency wallet. This expands our offering of cryptocurrencies to customers who are searching for other attractive alternative asset classes for trading or investment of their Bitcoin.”
Quoine is a Singaporean fintech with offices in Japan, Singapore and Vietnam. In 2014 it launched the bitcoin exchange Quoine, now known as Quoinex, which is one of the world’s largest digital currency exchanges, by transaction volume. According to company data, Quoinex’s transaction volume exceeded $12 billion in the past two years.
Unlike Qryptos, which will offer trading in digital currencies only, Quoinex offers trading in Bitcoin and fiat currency pairs in Japanese Yen, US Dollar, Chinese Renminbi, Euro, HK Dollar, Indonesian Rupiah, Singapore Dollar, Philippine Peso, Indian Rupee, and Australian Dollar.