Another 14 companies and services, including Huobi Global and Bitfinex, have become users of the Blockstream sidechain Liquid Network.
The #LiquidNetwork has added 14 new members, including @HuobiGlobal , @OpenNodeCo & @officialpoolin . Also, @Bitfinex has opened LBTC deposits / Liquidation with @BitMEXdotcom is almost finished, & issuance of USDT & USDS coming soon! ? https://t.co/WG3qngyAym pic.twitter.com/uOiUtwlid9
– Blockstream (@Blockstream) 8 May 2019 p.
Bluefire Capital, BTCTrader / BtcTurk, Cobo, Coinut, DMM Bitcoin, FRNT Financial, Gate.io, OpenNode, Poolin, Prycto, Sideshift AI, TaoTao and Tilde also joined the Liquid Network. To date, the number of users of this sidechain has reached 35.
The company said that in the coming weeks, Tether (USDT) and Stably (USDS) issuers will join the Liquid Network. Also, BitMEX, Cobo, Coinone, Coinut, GOPAX, Huobi and the BnkToTheFuture platform are working on the integration of Bitcoin-bound assets of L-BTC.
In addition, the mining pool Poolin intends to provide users with the ability to withdraw funds to L-BTC. Also, this solution is already available on the RenrenBit landing platform.
Liquid technology is intended for servicing Bitcoin exchanges, processing services and traders. It allows you to reduce the time required to carry out large volumes of transactions between different accounts.
Recall the official release of the sidechain Bitcoin Liquid was held in October last year.
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