Facts You Need to Know About Trading GYEN on Liquid

As we announced in our previous post, we are excited that Liquid is now listing both GYEN and ZUSD on its platform and service to more than 800 thousand users directly through its comprehensive crypto products. Now, users can trade and get GYEN and ZUSD through Liquid at the same 1:1 exchange rate that is available from GMO Trust. Here we summarize the information that you might be interested in trading GYEN and ZUSD on Liquid.

Who is Liquid?

Founded in 2014, Liquid is one of the world’s largest cryptocurrency-fiat exchange platforms serving millions of customers worldwide. Liquid is consistently ranked among the top 10 regulated cryptocurrency exchanges globally based on daily traded spot volume with deep BTC/JPY liquidity, offering one of the best user experiences in service levels & security in the industry.
GMO Trust has entered into a strategic partnership with Liquid to leverage our regulated, financial-grade GYEN and ZUSD stablecoins to create the first synthetic, digital USD/JPY pair, the second most traded forex pair in the world.

Which trade pairs will be listed at Liquid?

・GYEN/JPY
・ZUSD/USD
・USDT/GYEN
・USDT/ZUSD
・ZUSD/GYEN
・BTC/GYEN
・BTC/ZUSD

Liquid currently has the largest BTC/JPY market globally, consistently averaging $300 million in volume every 24 hours. Given the demand in the marketplace for a digital version of JPY, Liquid has started to incorporate GYEN/JPY into its order book, which will optimize liquidity and provide a fully digital way to access this market. Users depositing GYEN on Liquid’s exchange will be credited 1:1 with JPY. This provides significant potential to connect local traders who leverage JPY with global cryptocurrency traders.

What are the trade fees on Liquid?

GYEN/JPY and ZUSD/USD will have set fees (subject to change):
・Makers will enjoy a 0.01% rebate
・Takers will pay 0.04%. Trade fees paid in QASH will benefit from a 50% discount
・Other pairs will follow the standard Liquid trade fees schedule

What are the advantages of trading at Liquid?

Liquid currently has the largest BTC/JPY market globally, consistently averaging $300 million in volume every 24 hours. Given the demand in the marketplace for a digital version of JPY, Liquid has started to incorporate GYEN/JPY into its order book, which will optimize liquidity and provide a fully digital way to access this market. Users depositing GYEN on Liquid’s exchange will be credited 1:1 with JPY. This provides significant potential to connect local traders who leverage JPY with global cryptocurrency traders. Traders could also benefit from the comprehensive use cases provided by Liquid.

What are other use cases of GYEN & ZUSD at Liquid?

GYEN can be used to access Liquid’s most liquid orderbook BTC/JPY, on which one can apply a trading arbitrage strategy to take profit in the market. In addition, GYEN & ZUSD can also be swapped into over 100+ digital assets via Liquid’s Quick Exchange tool. GYEN can also be purchased via Visa/MasterCard. GYEN & ZUSD can be withdrawn like any other ERC-20 token. Liquid will broadcast to the blockchain in ~2 minutes from the request.

Liquid plans to make all stablecoins such as USDT, USDC, ZUSD, GYEN, IDRT, and XSGD available via Liquid Earn where stablecoins can be used to earn rewards of up to 12% APY.

Source: Liquid

For detailed and up-to-date information, please visit https://www.liquid.com/

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GMO-Z.com Trust Company

GMO-Z.com Trust Company

Building Financial-Grade Digital Assets. The World’s First Regulated JPY-Pegged Stablecoin Issuer.