FTX expands to the Japanese market by launching FTX Japan
The leading crypto exchange FTX has clearly indicated that it recognizes the potential of Japan by the launch of FTX Japan.
FTX brings FTX Japan
FTX Japan is the door for FTX to massively expand in the nation, supporting fast and secure deposits and withdrawals of the Japanese Yen. According to the official announcement by the exchange giant, FTX Japan K.K. is "a licensed Japanese crypto-asset exchange services provider and Type 1 Financial Instruments Business license holder."With the introduction of FTX Japan, FTX will be able to offer the Japanese crypto community industry-leading goods and services, such as spot trading and perpetual for a variety of digital assets, including BTC, ETH, SOL, FTT, and others.
FTX Japan K.K., which was formerly known as Quoine Corporation, was recently renamed after FTX acquired its parent company, Liquid Group Inc. FTX founder and CEO, Sam Bankman-Fried, is serving as Interim CEO of FTX Japan. He commented on the news, saying that the exchange aims to achieve its goal of "providing a global investor base with access to digital asset markets through a regulated entity." He added:
"The acquisition not only gives us a technological advantage but also allows us to work directly with Japanese regulators in a transparent, constructive, and positive manner."Japan is a highly regulated industry with a potential crypto trading market worth about $1 trillion. SBF added that the company intends to introduce new products to the Japanese market, such as perpetuals and spot crypto trading.
Massive global expansion
As SBF said that he is looking "forward to further revolutionizing the Japanese digital asset ecosystem," the exchange's goal for a massive expansion becomes clearer. It is continuously working to achieve its goal, and its latest partnerships work as the catalyst for the execution of its plans. FTX.US was in talks with Goldman Sachs earlier this week about derivatives product integration.Weeks back, FTX reportedly showed interest in stock trading start-ups and approached Webull, Apex Clearing, and Public.com.
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