Zooko's news thread

Zcash listed on the new QRYPTOS crypto↔crypto exchange operated by Quoine!

They sent me this press release:

BACKGROUND

Global fintech firm QUOINE launches QRYPTOS, a new cryptocurrency-only exchange and trading platform in beta version.

DRAFT PRESS RELEASE

Global fintech firm QUOINE has launched a new cryptocurrency exchange and trading platform called QRYPTOS, exclusively for cryptocurrency trading in beta version. QRYPTOS is currently in beta desktop version at www.qryptos.com. Developed to meet the trading needs of a growing professional and retail market, QRYPTOS was designed to make cryptocurrency-only trading convenient and efficient for everyone from the novice investor to corporate clients. QUOINE is committed to asset protection and secure trading across all its platforms, which are of the highest priority to customers. Therefore, stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) processes are implemented on QRYPTOS, based on best practices from Japan’s regulations of cryptocurrencies by the Financial Services Authority (FSA).

QUOINE will deploy its best-in-class trading engine powering their current bitcoin exchange, QUOINEX, to deliver the same high trading performance for QRYPTOS. Traders can sign up for beta trial today and enjoy powerful trading features such as:

  • Efficient trade execution with QUOINE’s superior matching engine, capable of processing close to one million transactions per second
  • Analysis tools including trend indicators, live charts, and essential charting tools, free for QRYPTOS customers
  • A secure trading platform that uses multi-factor authentication, dedicated private servers, and trading bitcoin wallets placed in an off-line cold storage

The current cryptocurrency market is worth over USD55billion today, with more than 700 cryptocurrencies in existence. Listed cryptocurrencies on QRYPTOS include some of the largest cryptocurrencies in the market such as Bitcoin, Ripple, Ethereum, Zcash, Ethereum Classic, Litecoin, and Monero, with more to be added soon.

“We are excited to help create a truly democratic cryptocurrency exchange market and support the rapidly growing use of cryptocurrencies in the FinTech ecosystem," stated Co-Founder and CEO of QUOINE, Mike Kayamori. “QRYPTOS is a trading platform that is simple to use, designed for anyone to trade select cryptocurrency-only pairs. This expands our offering of cryptocurrencies to customers who are searching for more attractive alternative asset classes for trading or investment.”

“We’ve combined over 200 years of fintech experience from finance, trading and engineering talent to develop a secure, liquid and transparent exchange that provides superior execution capability, on par with the standards of large global financial institutions,” said Mario Gomez-Lozada, Co-Founder and CTO of QUOINE. “At our core, we are a customer-driven technology company. Just like QUOINEX, QRYPTOS was built by traders for traders in mind.”

QRYPTOS currently has an incentive structure in place for market makers. For every market trade completed by market makers, they will be rewarded with 50% of the taker fee collected by QRYPTOS. The taker fee is fixed at a competitive rate of 0.15%.

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