Crypto exchange Liquid (Liquid) partners with U.S. Gemini to join the World Book
“Liquid's External World Book (External Aggregate World Book)”
Furthermore, the Gemini exchange participates in Liquid’s liquidity pool sourced from global exchanges, called Liquid's External World Book (External Aggregate World Book).
The “World Book” consists of an “Internal Order Book” that consolidates all orders placed by users on Liquid, and an “External Aggregate Order Book” that aggregates orders from partner exchanges and investors (World Book Partners) connected worldwide with QUOINE.
According to the official blog, the internal World Book is already active on Liquid for certain pairs.
The core of Liquid, the “World Book,” automatically translates prices in real time to consolidate liquidity that varies by currency pair, by converting user orders across BTC/JPY, BTC/USD, and other base currency pairs into a single order book, enabling trading in the currency denomination chosen by the user.
From the outset, increasing liquidity has been Liquid’s goal. QUOINE’s vision is “a single, globally sourced source and trading platform.” If QUOINE/Liquid can effectively cultivate external aggregate order books with sufficient partners, liquidity can be secured for preferred currency or coin combinations, enabling fast trading.
