menuIcon
$ 82,448.2
BTC
$ 82,448.2
0.16 %
$ 1,805.48
ETH
$ 1,805.48
-0.65 %
$ 0.6651
ADA
$ 0.6651
-0.34 %
$ 601.13
BNB
$ 601.13
0.06 %
$ 124.37
SOL
$ 124.37
-0.10 %
Vandana Malik
Mar 28, 2020
by Vandana Malik

Liquid Network Federation Member Has Gone up to 45

Liquid Network
Liquid Network Federation which is a network for traders and exchanges based on sidechain has now expanded its members. Through latest reports, it has been revealed by blockstream that ten cryptocurrency firms have joined hands with Liquid Network. The total membership of the federation has now gone up to 45 including different traders, exchanges and financial institutions. 

Daniel Pickering, Chief Investment Officer at ListedReserve has said that through new membership there will be faster movement across exchanges. He also said that through this fast movement, clients will get the best price while accessing the international bitcoin market.

Decentralization of the whole liquid network 

This recent membership initiated by the ten different firms is considered as the first unit or group by the Liquid Membership Board. The decentralization of the whole liquid network could also be seen by transferring membership. This transferring of membership has happened from the blockstream straight to the liquid federation.

Some key features and responsibilities also come along with the membership and the new members will be entitled towards it. There will be certain benefits also which comes along with the membership. The members will be able to provide the exchange services of bitcoin to other users by transferring bitcoins to their own wallets.

Crypto market preparing for third bitcoin halving

Samson Mow, who is the CSO of Blockstream has said that through this step, liquid adoption has been increased in bitcoin’s history. He also said that this growing membership on the liquid network is indicating that the crypto market is all set for a third bitcoin halving. 

This recent activeness and participation of the liquid network have resulted in the increased liquidity on the network. It has been reported that liquidity in bitcoin has increased to 952 and Tether to $16 million.

It has also been notified that all the businesses or firms who are interested to join the network shall submit an application to the board.

You May Also Read.

    Follow us on: News
    Bitcoin Halving Blockstream Liquid network sidechain Daniel Pickering ListedReserve Samson Mow
    Liquid Network Federation Member Has Gone up to 45
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

    Top Picks