Quoine was a Japan-based fintech company founded in 2014 by Mike Kayamori and Mario Gomez Lozada that operated cryptocurrency trading platforms Quoinex and Qryptos, which were merged in 2018 to form the Liquid exchange. Liquid offered fiat-to-crypto and crypto-to-crypto trading and was one of the first exchanges licensed by Japan's Financial Services Agency. After suffering a $90 million hack in 2021 and receiving a $120 million loan from FTX, Quoine and its Liquid exchange were acquired by FTX in early 2022. Following FTX's collapse in November 2022, Quoine Pte. Ltd. was named as a debtor in FTX's Chapter 11 bankruptcy filing and Liquid suspended withdrawals and trading.
Quoine has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Total Funding
$125M
5 rounds
Latest Valuation
$1B
February 2022
Total raised $125M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C (first close)
Date
April 3, 2019
Amount
Not disclosed
Valuation
$1B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 2022 | Acquisition by FTX | Not disclosed | — | FTX Trading Ltd |
| April 3, 2019 | Series C (first close) | Not disclosed | $1B | IDG Capital |
| November 2017 | ICO (QASH token sale) | $105M | — | Public token sale |
Mike Kayamori
Co-Founder & CEO
Mario Gomez Lozada
Co-Founder, President & CTO
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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Binance
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Kraken
US-based global cryptocurrency exchange offering fiat-to-crypto and crypto-to-crypto trading.
FTX
Crypto exchange that acquired Liquid in 2022 before collapsing into Chapter 11 bankruptcy that November.
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