Lucky Block, the lottery platform that launched on PancakeSwap just a week ago, will list on the Liquid exchange on 7 February, CEO Scott Ryder announced in a Telegram post.
Liquid Group has a substantial footprint in Japan and a 24-hour trading volume of $136 million, according to Coinmarketcap.
Lucky Block breaking into Asia
It has offices in Japan, Singapore, Vietnam, and the US.
The Liquid.com listing is a great win for LuckyBlock which is seeking to break into Asia in a significant way in its bid to build out a global lottery platform. It also probably a prelude to a listing on FTX.
Liquid Group is the owner of the regulated Quoine exchange, which was among the first dozen exchanges to receive a licence from Japan’s regulator the Financial Services Agency (FSA) back in 2017 when licensing was introduced.
Coincidentally, earlier this week Liquid group was acquired for an undisclosed amount by fast-expanding crypto derivatives and spot exchange FTX.
After the completion of the latest funding round FTX was valued at $32 billion.
Lucky Block FTX listing up next?
Ryder stated in his announcement: “I am pleased to confirm our listing on Liquid (www.liquid.com) in the coming days. We are currently scheduled to list on Monday 7th February.
“As you may all be aware, Liquid was acquired by FTX in the last few days and we see this as a natural first step towards a confirmation date for our listing on FTX.
“Not only have we agreed this listing, but we have another CEX listing to announce in the next couple of days. This CEX has significant trading volume and will provide a great stepping stone with which to approach the top 2 exchanges.
“We appreciate all the support from our community and will look to continue delivering on our roadmap for you all.”
Japan set to loosen listing regulations
Japan was one of the centres of the crypto industry before 2017 although has slipped back since then,. Nevertheless its market is still seeing trading turnover of around $1 trillion.
In other good news for crypto in Japan – and perhaps for more Lucky Block listings – Bloomberg reported this week that regulators hinted that they may start to loosen the regime for listing news coins.
Listings are currently vetted by the self regulatory body, the Virtual and Crypto assets Exchange Association, which operates under the auspices of FSA.
The LBLOCK token is currently trading at $0.001091.