FTX made the announcement today on the establishment of FTX Japan, which will serve Japanese customers as a licensed Japanese crypto-asset exchange services provider and holder of a Type 1 Financial Instruments Business license.
The CEO of FTX and Interim CEO of FTX Japan, Sam Bankman-Fried, had the following to say in response to the news:
“Global investors now have legal access to digital asset markets as a result of this deal, which was completed early this year. As a result of the transaction, we will be able to engage directly with Japanese authorities in a way that is open, constructive, and advantageous,” he continues.
That was all Mr. Bankman-Fried had to say
“The market for cryptocurrencies in Japan is severely regulated and has the potential to be worth around one trillion dollars. FTX Japan will let us to provide new products, such as our perpetuals and spot cryptocurrency trading, to the area. Through the deployment of FTX Japan, our goal is to significantly alter the economics of digital assets in Japan.”
Customers in Japan will now be able to transact with the well-known cryptocurrency exchange FTX Trading Ltd. which just announced the opening of FTX Japan.
In Japan, FTX Japan has been granted a Type 1 Financial Instruments Business license to provide cryptocurrency exchange services. Before this year, FTX Japan was known as Quoine Corporation, but after it completed its acquisition of Liquid Group Inc., it became FTX Japan.
FTX To Launch trading in Japan
As a result of the introduction of FTX Japan, the Japanese cryptocurrency community will be able to benefit from cutting-edge goods and services. There will be a large selection of digital assets available for trade, including BTC, ETH, SOL, and FTT. Customers in Japan may instantly deposit and withdraw Japanese yen using FTX Japan’s services.