Liquid

Fintech · Cryptocurrency Exchange · Tokyo, Japan

Liquid was a crypto-asset trading platform operated through entities including Quoine Pte. Its exchange supported spot, margin, CFD and perpetual products across fiat and crypto pairs for retail and professional traders, generating revenue from trading-related fees. Liquid Global says deposits, trading, and fiat and crypto withdrawals remain suspended in connection with FTX’s Chapter 11 proceedings.

The Japanese operation, later called FTX Japan, had run a registered crypto and derivatives exchange. bitFlyer Holdings acquired it in July 2024 and renamed it Custodiem in August, moving the former Japanese Liquid domain to the new company. Liquid’s Quoine Pte customer accounts are now managed through the FTX claims portal.