LIQNET: Cryptocurrency Liquidity Exchange Network Trading
LIQNET is a cryptocurrency exchange that uses a unique liquidity gathering mechanism. Find out how it works today in our review.
What Is LIQNET?
LIQNET, found online at LIQNET.com, gathers liquidity from other exchanges and allows traders to access this liquidity through a single dashboard. You can take advantage of arbitrage opportunities between exchanges. Or, you can simply use LIQNET to access more liquidity.
The system revolves around the united limit order book, or LOB. You access this order book through the professional LIQNET interface.
LIQNET was announced on April 24, 2018. The company is expecting to launch a token sale in May or June 2018.
How Does LIQNET Work?
LIQNET revolves around its limit order book, or LOB, and its LEN mechanism. The Liquidity Exchange Network, or LEN, mechanism prevents liquidity fragmentation by pooling bids and orders from different exchanges.
Instead of accessing liquidity from a single cryptocurrency exchange, you can access liquidity from multiple exchanges using the same professional LIQNET dashboard. The main benefit of this higher liquidity is that traders can enjoy a lower bid/ask spread.
LEN collects and pools orders from exchange customers like you. Then, it connects those orders with orders from other platforms, creating a single depth of market panel. Orders are collected and then made available for trading to all LIQNET exchange customers.
Using the public APIs of cryptocurrency exchanges, LEN polls them for purchase and sale bids, forming a single depth of market panel for its customers and allowing traders to find the best prices at minimal spread.
You can access LIQNET through your desktop browser or a mobile app.
LIQNET Features & Benefits
LIQNET emphasizes all of the following features and benefits:
No Slippage: High liquidity allows users to reduce or fully eliminate the costs of slippage.
Expenses Reduction: The higher the market liquidity is, the smaller the bid/ask spread will be, which thereby lowers the cost of trading.
Trust: LIQNET’s liquidity “reflects the presence of a mass of people whose actions are much easier to predict than the actions of a single person,” explains the official website, which means that a single entity can’t dominate the trading market.
Decentralization: LIQNET claims to be built on a decentralized system because their physical hardware is located in two different data centers, including centers in France and Canada. This isn’t what we typically mean by “decentralization”, although we understand what LIQNET is getting at.
Security: LIQNET holds customers’ funds in multiple locations, including hot wallets, multi-signature wallets, and cryptocurrency exchanges. This reduces the risk of theft.
Multiple Trading Options: LIQNET supports direct trading from the financial chart and scalping trades (including post limit and stop orders right from the order book).
Multiple Order Types: LIQNET supports stop order trades, stop limit trades, TP & SL trades, trailing stop trades, Iceberg, IFD, OCO, IFDOCO, valid till day/time trades, AON, IOC, and FOK trades.
Financial Charts: LIQNET provides a suite of analysis tools. Users can also customize their dashboard with 100+ different trading indicators.
Multiple Currency Pairs: Right now, LIQNET lists just four cryptocurrency pairs, including LTC/BTC, ETH/BTC, BCH/BTC, and PPC/BTC. However, they allow users to deposit more currencies, including bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin (PPC).
LIQNET Fees
A number of cryptocurrency exchanges aggregate liquidity from across different exchanges. So what makes LIQNET special? What kind of fees can you expect to pay? Here are some of the notable fees as listed on the LIQNET fees page:
Trading Fees: 0.2% taker fee, 0.1% maker fee
Deposit Fees: 0 (0% deposit fees on all deposit options, including bitcoin, Litecoin, USD, Ethereum, Bitcoin Cash, DASH, and Peercoin).
Withdrawal Fees: 0.0001 BTC, 0.01 LTC, 0.01 USD, 0.01 ETH, 0.01 BCH, 0.01 DASH, and 0.01 PPC.
The LIQNET ICO
LIQNET is expecting to launch a crowdsale in May / June 2018. That crowdsale will consist of a closed pre-sale and an open ICO.
Further details of the token sale have not yet been announced. LIQNET has partnered with Como Capital to launch their ICO.
It’s unclear how LIQNET tokens will work. However, tokens launched by other cryptocurrency exchanges typically provide a discount on trading fees. You might only pay 0.1% or 0.5% trading fees when paying with LIQNET’s tokens, for example.
Who’s Behind LIQNET?
LIQNET was created by a team of finance, law, and technology professionals with a proven track record in traditional investments and forex trading.
Key members of the team include Roman Shirokov (CEO), Evgeny Tarasenko (CTO), and Vyacheslav Kasatkin.
LIQNET was incorporated in 2015. The company is registered to an address in Singapore (10 Maxwell Road, Singapore).
LIQNET Conclusion
LIQNET is a cryptocurrency exchange that aggregates liquidity from a number of different exchanges across the internet. The goal is to reduce the bid/ask spread while offering users the highest liquidity across multiple order types and markets.
Right now, LIQNET is in the early stages of launch. The exchange is not yet available online, although a desktop and mobile app are preparing to launch in the near future.
To learn more about LIQNET and how it works, visit online today at
website: https://liqnet.io/
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