In general, IEO Market is available to all customers whose Liquid accounts are verified and approved. This is to comply with IEOs and crypto-related regulations.

For regulatory reasons, residents of the following countries cannot participate in IEOs on Liquid.

  • Japan

  • United States

  • All jurisdictions listed on Financial Action Task Force (FATF)

  • All jurisdictions listed on Non-Cooperative Countries or Territories (NCCTs)

For Japanese residents: As of May 2018, there is still no framework published by the JFSA (Japan Financial Services Agency) for IEO participation and exchange execution of an IEO by a registered Japanese exchange. Liquid works closely with regulators to help shape regulation and follow best practices. We are committed to serving the Japanese market as soon as the regulation framework permits us to do so.

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