Liquid is a blockchain platform that was created by the fintech company Quoine, that has a suite of blockchain powered financial services. Liquid is focused on providing liquidity to crypto industry. The platform offers a "worldbook" which is a multi-market order book that aggregates liquidity sources to one order book and supports trading in multiple currencies. Liquid has several features that are aimed at increasing the liquidity of crypto assets. The platform includes smart order routing, a currency conversion engine, fiat management, and other trading tools. Liquid is powered by the QASH token, which was released in an ICO that raised $105 million.

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.

KuCoin is a crytpo-to-crypto exchange that offers traders a reward system through its KuCoin Shares token. Kucoin has a wide variety of cryptocurrencies listed and has a reputation as an early adopter of many tokens. This provides good opportunities for investing in coins and tokens that re relatively new to crypto markets.
KuCoins's native cryptocurrency, KuCoin Shares (KCS), gives holders up to a 30% discount on trading fees, and entitles holders to receive dividends from all trading fees that are collected on the exchange. KuCoin distributes 50% of all trading fee revenues from the platform.

Withdrawal Fee: 0.0005 BTC and 0.01 ETH
Trading Fee: 0.1%
Number of Markets: 377