Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange.

QUOINE is a Japanese fintech company that is developing several liquidity focused trading platforms. QUOINE was the first cryptocurrency company to be officially licensed by the Japanese Financial Services Agency.
QUOINE runs 2 exchanges and a platform called LIQUID, that is designed to solve the problems related to liquidity in crypto markets. Quoinex is a fully regulated Crypto-Fiat exchange and was the first exchange to ever be audited by Deloitte. Qryptos is a crypto-only exchange.
The company's exchanges have an attractive fee structure

Trading Fee: 0 for base currency pairs, 0.25% for BTC and BHC pairs, 0.1% for ETH pairs
Withdrawal Fee: $5/5 Euros on fiat currency, Free on Crypto withdrawals
Number of Tokens/Coins: 50

QUOINE's platforms are powered by the QASH utility token.