Cryptocurrency platform backed by crypto mining giant Bitmain, Liquid, has announced the creation of a jointly-owned entity called Liquid Financial USA Inc. (Liquid USA) to expand Liquid's services into the US market.
The official announcement states that Liquid will enter into the U.S. via its holding company, Liquid Group Inc, founded in March 2019.
The Co-founder and CEO of Liquid, Mike Kayamori, says the U.S. is one “of the world's largest markets for cryptocurrency” and Liquid has received widespread expressions of interest from its community, corporate and institutional customers to serve the U.S. market.
“This joint venture and the acquisition of IQX represents our commitment to expand in the U.S., and we look forward to working closely with Virtual Currency Partners to accelerate our platform growth,” Kayamori added.
Earlier, Liquid announced a partnership with Simplex, a crypto company focused in online payment processing solutions — to offer deposit services in fiat currency, using credit and debit cards, to Liquid’s users.
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