Blockstream’s Liquid Exchange Network Onboards Canada’s Bull Bitcoin

Fluid, a second layer tech for bitcoin made by Blockstream, just onboarded a new crypto partner.

The sidechain for quicker BTC payments presently has roughly 30 members, including Bitfinex, OKCoin, BITMex, and different exchanges, with the aggregate of $900,000 moving around on the network, said Samson Mow, chief strategy officer of Blockstream.

Canadian bitcoin exchange Bull Bitcoin is now joining the platform. The new collaboration will permit the clients of Bull Bitcoin to connect with different exchanges on the network.

Likely planned on the mid-2020, the linking of Liquid tech into Bull Bitcoin’s operations will require some exertion from the trade’s tech team, said Francis Pouliot, CEO of Bull Bitcoin.

“We’re making sure we have this backup layer. We want to make sure bitcoin succeeds, and this is our way to participate in strengthening the network,” Pouliot said.

As a part of the collaboration, Bull Bitcoin is going to issue its own asset on the Liquid network: Canadian dollar-pegged token named L-CD, which should be utilized as the exchange’s voucher for purchasing bitcoin.